EU Banks Create Euro Stablecoin; Kazakhstan Plans Evo

Nine major European banks — ING, UniCredit, Danske Bank, Banca Sella, KBC, DekaBank, SEB, CaixaBank and Raiffeisen Bank International — formed a Netherlands-based company to develop a MiCA‑regulated euro stablecoin aimed at a Dutch central‑bank‑supervised e‑money license with a planned launch in the second half of 2026. Separately, Kazakhstan plans a tenge‑pegged stablecoin called Evo (KZTE) to be issued on the Solana blockchain, with Intebix named as issuer and the Eurasian Bank and Mastercard among partners; Mastercard will help integrate Evo for payments. The later reporting describes Evo as planned rather than already launched and does not state that it is operating within the National Bank of Kazakhstan’s Digital Assets Regulatory Sandbox. Evo is intended to support crypto-to-fiat exchanges, merchant payments and card-based spending as part of efforts to build a local Web3 ecosystem. Both initiatives are presented as regulated, regionally backed stablecoins aimed at strengthening payments sovereignty and broader national and European digital-asset strategies.