European Stablecoin Association Appoints Former Executive as CEO
ChainCatcher reported that the European Stablecoin Alliance has appointed Jan-Oliver Sell, who previously worked at a German exchange, as CEO. Floris Lugt, head of digital assets at ING, will serve as CFO, and former chairman of National Westminster Bank in the UK, Howard Davies, will serve as chairman. In addition, BNP Paribas has also joined the alliance.
According to previous reports, nine major European banks, including ING, Banca Sella, and KBC, announced in September this year the joint launch of a euro stablecoin project regulated under MiCA, aiming to counter the dominance of the United States in the digital payments sector.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like

Big short Burry increases short positions on Micron and Nebius, with the logic that "memory supply surge will put downward pressure on prices"
Michael Burry has dramatically increased his short positions on Micron, Palantir, and semiconductor ETFs, stating that the scale is “quite large.” His main reasoning is that Samsung, SK Hynix, and Micron squeezed their conventional DRAM production to meet AI-driven HBM demand, resulting in a shortage; however, with production capacity now ramping up, the Damocles sword of oversupply is hanging over the market. The inventory warning from Acer’s CEO has further convinced him that the memory cycle has already peaked.
Colorpak Indonesia announces extraordinary shareholder meeting
