🇪🇺 Urgent: European banks launch Qufals - a stablecoin in euros to challenge the dominance of the US dollar 🚀
Ten major banks, including Unicredit, ING, and BNP Paribas, are collaborating to launch Qufals, a regulated stablecoin in euros scheduled to be released in late 2026.
Why this matters:
• Aims to reduce reliance on stable dollar currencies
• Enhances the sovereignty of European finance
• Provides competition in the global digital payments space
The race for digital currency supremacy has seen a major European competitor emerge. 🌍
Check out these numbers:
PENGU
0.012133
+24.19%