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.