The adoption of European Stablecoin came into effect when companies choose partners
Banks and corporations across Europe are moving beyond exploration and are now actively selecting infrastructure partners to support crypto adoption, said Lamin Brahimi, co-founder and managing partner at crypto custodial technology provider Taurus.
Eighteen months ago, much of the talk was still academic, focused on understanding stablecoins and their risks, Brahimi told Cointelegraph. Today, companies with board-level licenses are preparing to go live. The introduction of markets in the Crypto-Assets Regulation (MiCA) has accelerated that transition by replacing fragmented national laws with a single regulatory system, he said.
“In the past twelve months alone, some of Europe's most rigorous financial institutions are all coming to the same conclusion that digital assets, including stablecoins, belong in the current banking stack, not on the sidelines,” he said.
Corporate treasury groups are driving most of the demand. Initially focused on payments and settlements, companies want to use the stablecoin to move funds faster, reduce costs and operate outside of traditional banking hours, Brahimi said.
Related: French Bank Calls for MiCA Limits on Stablecoin Payments
Interest drives stablecoin adoption in Europe.
Brahimi says adoption is increasingly being driven by practical needs rather than long-term strategy. “Once customers start asking for better settlement, more flexibility or more efficient cross-border value movement, the conversation becomes much faster and more practical,” he added.
On Thursday, ClearBank Europe announced that it was the first Dutch credit institution to be licensed under the MCA to operate as a crypto asset service provider. A consortium of major European banks including ING, UniCredit, CaixaBank and BBVA is developing Qivalis, an MCN-compliant euro stablecoin initiative to enable regulated onchain payments and settlements across Europe.
European banks are also moving forward with stable coin initiatives. Societe Generale has positioned its stablecoins around cross-border payments, on-chain payments, FX and cash management, while Oddo BHF has launched a MiCA-compliant euro stablecoin. Meanwhile, a consortium of banks including ING, UniCredit and BNP Paribas is preparing a Swiss-franc stablecoin for the second half of 2026.
According to Konstantin Vasilenko, co-founder and chief business development officer at Paybis, the platform is increasing demand for compatible stolkcoins in Europe. Between October 2025 and March 2026, the amount of USDC in Paybis in the EU increased by about 109%, its share of total stablecoin activity increased from 13% to 32%.
Vasilenko added that the volume of purchases of Paybis stablecoin in the EU between October 2025 and March 2026 was found to be about five to six times higher than the volume of sales. He also stated that average stablecoin transaction volumes were 15% to 35% higher than conventional Bitcoin (BTC) or Ether (ETH) transactions. “This usually refers to working capital, settlement utilization and more deliberate trade flows,” he said.
Related: Hong Kong Grants First Stablecoin Licenses to Anchorpoint and HSBC
Stablecoin volumes may reach $1.5 quadrillion by 2035.
A new report from Chinalysis projects that stablecoin transaction volume could grow dramatically, from $28 trillion in 2025 to $719 trillion by 2035 under organic growth conditions.
In a more aggressive scenario, stablecoins become the primary payment infrastructure and wealth transfer from baby boomers to younger generations could increase volumes to 1.5 quadrillion, accelerating multi-generational adoption of crypto-natives.
Will Harborne, CEO of Stablecoin infrastructure provider Rhino.fi, said that in the next few years, stablecoins will be important for corporate treasury, cross-border payments and FX between Euro and Dollar stablecoins.
“I think every business will eventually adopt and use stablecoins, and companies that prepare early will be better off when this change becomes mainstream,” he said.
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