The European Stablecoin Alliance appoints former executive as CEO

The European Stablecoin Alliance has appointed Jan-Oliver Sell, who previously worked at Coinbase in Germany, as CEO. Floris Lugt, head of digital assets at ING, will serve as CFO, and former chairman of the UK’s National Westminster Bank, Howard Davies, will take on the role of chairman. Additionally, BNP Paribas has also joined the alliance.

Earlier this September, nine major European banks, including ING, Banca Sella, and KBC, announced a joint initiative to launch a euro stablecoin project regulated under MiCA to counter the dominance of the United States in the digital payments sector.