Regulation
Pan-European stablecoin effort expands to 37 lenders in push back against U.S. dollar dominance
A pan-European stablecoin initiative has expanded its consortium to include 37 financial institutions as part of a coordinated effort to challenge the dominance of U.S. dollar-backed digital currencies. The collaboration, which has grown significantly from its initial membership base, brings together major European lenders to develop a euro-denominated stablecoin