Banks and corporates across Europe are moving beyond exploration and are now actively selecting infrastructure partners to support stablecoin adoption, according to Lamine Brahimi, co-founder and managing partner at Taurus. Eighteen months ago, most conversations were educational, focused on understanding stablecoins and their risks. Today, firms with board-level approval are preparing to go live. He said MiCA has accelerated that transition by replacing fragmented national rules with a single regulatory regime.
Corporate treasury teams are driving much of the demand. Initially focused on payments and settlement, companies are looking to use stablecoins to move funds faster, reduce costs and operate outside traditional banking hours.
On Thursday, ClearBank Europe announced that it has become the first Dutch credit institution to secure approval under MiCA to operate as a crypto asset service provider. A consortium of major European banks, including ING, UniCredit, CaixaBank and BBVA, is also developing Qivalis, a MiCA-compliant euro stablecoin initiative designed to enable regulated onchain payments and settlement across Europe. Paybis reports rising demand for compatible stablecoins in Europe, with USDC volume on the platform in the EU up about 109% between October 2025 and March 2026 and its share of total stablecoin activity increasing from roughly 13% to 32%; buy volume was five to six times higher than sell volume, and average stablecoin trade sizes were roughly 15% to 35% larger than those for Bitcoin or Ether, signaling working-capital and settlement use cases.
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