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Euro-Backed Stablecoin Poised to Challenge Dollar for Digital Supremacy

Author

Austin Hodge
September 26, 2025

As the euro takes a bold leap into the stablecoin spotlight, nine major European banks are challenging the long-standing dollar dominance in crypto, shaking up the financial landscape. By setting wheels in motion for a euro-backed stablecoin, this consortium is not just signaling a shift in power but also redefining the battleground for currency supremacy in the digital age. Meanwhile, with the race for digital sovereignty on full throttle, dynamic crypto projects like Best Wallet Token ($BEST) are seizing the moment to capture investor curiosity with their breakout utility-driven investment prospects.

Let's dive in!

  • Nine European banks launch consortium to challenge US dollar stablecoin dominance with euro-backed token. — Read More

  • China launches a digital yuan operations center in Shanghai to internationalize the yuan through cross-border payment and blockchain platforms. — Read More

  • Aster leads perpetual DEXs to a $70 billion trading volume surge, marking unprecedented growth in the DeFi space. — Read More

  • HSBC reports a quantum computing success in algorithmic bond trading, sparking fears in crypto security circles. — Read More

  • Morgan Stanley plans to introduce a crypto asset-allocation strategy for clients, offering portfolio diversification with digital assets. — Read More

  • PayPal partners with Spark to expand PYUSD liquidity by $1 billion, showcasing stablecoin growth potential. — Read More

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