Current Affairs · Banking and Technology
In September 2025, nine leading European banks collaborated to develop a MiCA-compliant stablecoin denominated in euros. Which of the following statements regarding this initiative is/are correct? 1. The consortium of banks includes ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International. 2. This euro-denominated stablecoin will operate under a license from the Dutch Central Bank as an electronic money institution (EMI). 3. The project was accelerated after the GENIUS Act in the United States, which laid down global standards for tokenized bonds.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only 1
- 2Both 2 and 3
- 3Both 1 and 2✓
- 4Only 3
Correct answer
Both 1 and 2
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