The European Stablecoin Alliance appoints former Coinbase executive as CEO

According to Reuters, the European Stablecoin Alliance has appointed Jan-Oliver Sell, formerly of Coinbase in Germany, as CEO; Floris Lugt, head of digital assets at ING, as CFO; and Howard Davies, former chairman of NatWest Bank in the UK, as chairman. BNP Paribas has also joined the alliance.

Previously, it was reported that nine major European banks, including ING, Banca Sella, and KBC, announced in September this year that they would jointly launch a euro stablecoin project regulated by MiCA to counter the United States' dominance in the digital payments field.