歐元銀行，元和穩定幣：新的歐洲陣線？

歐元銀行正在Micar的下進入Stablecoin競技場，挑戰了美國的統治地位，並引發了有關監管監督和數字歐元未來的辯論。

Euro Banks, MiCAR, and Stablecoins: A New European Front?

歐元銀行，元和穩定幣：新的歐洲陣線？

Euro banks are making a play in the stablecoin world under the EU's MiCAR regulation, seeking to challenge the dominance of US dollar-backed stablecoins. But can they succeed, and what are the implications?

歐洲銀行正在根據歐盟的MICAR法規在Stablecoin世界中發揮作用，試圖挑戰美元支持的Stablecoins的主導地位。但是他們可以成功，有什麼意義？

The Euro Stablecoin Consortium: A European Answer?

歐元穩定財團：歐洲答案？

Nine major European lenders, including ING, UniCredit, and CaixaBank, are joining forces to launch a euro-denominated stablecoin. This consortium aims to provide a European alternative to the US dollar stablecoins that currently dominate the market, holding over 99% of the global share. Operating under the EU’s Markets in Crypto-Assets Regulation (MiCAR), the initiative plans to issue the stablecoin in the second half of 2026, pending regulatory approval.

包括ING，UniCredit和Caixabank在內的九個主要歐洲貸方正在攜手推出以歐元為基礎的Stablecoin。該財團旨在為目前在市場上主導的美元穩定幣提供歐洲替代品，佔全球份額的99％以上。在Crypto-Assets法規（MICAR）的歐盟市場下運營的計劃，該計劃計劃在2026年下半年發布Stablecoin，以待批准。

The stablecoin is designed to facilitate instant, low-cost transactions, 24/7 cross-border payments, programmable settlements, and various applications in digital assets and supply chain management. Banks may also offer wallets and custody services, enhancing the utility of the token.

Stablecoin旨在促進即時，低成本交易，24/7跨境支付，可編程定居點以及數字資產和供應鏈管理中的各種應用。銀行還可以提供錢包和監護權服務，從而增強令牌的效用。

MiCAR: A Blessing or a Curse?

MICAR：祝福還是詛咒？

While MiCAR is intended to provide a clear regulatory framework for crypto assets, it's not without its critics. The European Central Bank has expressed concerns that MiCAR might be too lenient. There's also tension between the European Commission, which is considering loosening some rules, and regulators who advocate for stricter oversight.

儘管Micar旨在為加密資產提供明確的監管框架，但並非沒有批評者。歐洲中央銀行表示擔心Micar可能太寬大了。歐盟委員會之間也有緊張關係，該委員會正在考慮放鬆一些規則，並主張更嚴格的監督的監管機構。

EU officials have warned that unchecked US-backed tokens could undermine the stability of the euro. ECB President Christine Lagarde has even called for stricter oversight of non-EU issuers, linking the debate to Europe’s push for a digital euro.

歐盟官員警告說，未經檢查的美國支持令牌可能會破壞歐元的穩定性。歐洲央行總裁克里斯汀·拉加德（Christine Lagarde）甚至呼籲對非歐盟發行人進行更嚴格的監督，將辯論與歐洲的數字歐元推動聯繫起來。

The Competition Heats Up

比賽升溫

The euro stablecoin market is already seeing competition. Société Générale’s Forge has launched a euro stablecoin on Stellar and recently listed its dollar-pegged USDCV on Bullish Europe. However, the market remains fragmented, with EURC controlling 47%, STASIS EURO 26%, and CoinVertible 9%. The combined capitalization is still below €350 million, highlighting its small scale compared to dollar-based tokens.

歐元穩定市場已經看到競爭。 SociétéGénérale'sForge已在Stellar上推出了歐元穩定，最近在Blulish Europe上列出了其美元的USDCV。但是，市場仍然分散，歐克控制了47％，停滯26％，共同交往9％。合併的資本化仍低於3.5億歐元，與美元代幣相比，它突出了其小規模。

Expert Opinions and the Future

專家意見與未來

Experts suggest that while MiCAR is promising, the framework remains incomplete, especially regarding cross-border issuance. Some analysts believe that euro-denominated stablecoins remain marginal despite new projects. Jürgen Schaaf, a senior advisor at the ECB, has warned that European monetary sovereignty and financial stability could erode without a strategic response, but also sees an opportunity for the euro to emerge stronger.

專家建議，儘管Micar很有希望，但該框架仍然不完整，尤其是在跨境發行方面。一些分析人士認為，儘管有新的項目，但以歐元為基礎的穩定者仍然很邊緣。歐洲央行的高級顧問尤爾根·沙夫（JürgenSchaaf）警告說，歐洲的貨幣主權和金融穩定可以在沒有戰略反應的情況下侵蝕，但也看到歐元有機會變得更強大。

Bitget Wallet and Plasma Integration

位錢包錢包和等離子體整合

Interestingly, outside of the Euro-centric conversation, Bitget Wallet has integrated with the Plasma mainnet, a Layer 1 blockchain designed to support global stablecoin transactions. This integration allows Bitget Wallet users to access stablecoin-based DApps and yield opportunities, indicating a broader push for stablecoin adoption.

有趣的是，除了以歐元為中心的對話之外，Bitget Wallet已與血漿Mainnet集成了，這是一個旨在支持全球Stablecoin交易的第1層區塊鏈。這種集成使Bitget Wallet用戶可以訪問基於Stablecoin的DAPP並產生機會，這表明採用了穩定的採用。

My Two Satoshis

我的兩個satoshis

The Euro stablecoin consortium represents a significant step towards challenging US dominance in the stablecoin market. However, regulatory hurdles, competition, and the need for industry-wide standards remain key challenges. The success of this initiative could pave the way for a stronger digital euro and greater financial stability within the Eurozone.

歐元穩定財團是朝著挑戰美國穩定市場統治地位的重要一步。但是，監管障礙，競爭以及對整個行業標準的需求仍然是主要挑戰。這項計劃的成功可能為更強大的數字歐元和更高的歐元區財務穩定鋪平了道路。

Final Thoughts

最後的想法

So, will euro-backed stablecoins take over the world? Probably not tomorrow. But with major European banks throwing their hats in the ring, it's clear that the stablecoin game is getting a whole lot more interesting. Keep your eyes peeled—this is one space that's definitely worth watching!

那麼，歐元支持的Stablecoins會佔領世界嗎？可能不是明天。但是，隨著歐洲主要銀行將帽子扔進戒指，很明顯，Stablecoin遊戲變得更加有趣。睜大眼睛 - 這是一個絕對值得一看的空間！