Italy's Bancomat Launches Euro-Pegged Stablecoin

Italys Bancomat to Launch Euro-Pegged Stablecoin: A New Era for European Digital PaymentsBancomat, a major Italian payment network, is set to launch a euro-pegged stablecoin in 2026, aiming for widespread adoption across Italy and Europe. Collaborating with banks and the economy ministry, Bancomat seeks to create an interoperable digital payment system, countering U.S. dollar dominance. The stablecoin market has grown since new European regulations, with Bancomats initiative joining other European banks efforts to promote euro-pegged stablecoins.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.