Euro Stablecoin Launches Backed by Banks

Qivalis Plans Euro-Pegged Stablecoin Launch by 2026

• Qivalis, backed by a consortium of ten major European banks, plans to launch a euro-pegged stablecoin by late 2026.
• The consortium includes prominent banks such as ING, UniCredit, and BNP Paribas.
• The initiative aims to offer a digital euro stablecoin as an alternative to US dollar-dominated assets, enhancing European financial sovereignty.
• Qivalis is seeking authorization as an Electronic Money Institution from the Dutch Central Bank for legal issuance under EU regulatory frameworks.
• The project aligns with upcoming EU standards for stablecoin issuance and focuses on seamless digital payment solutions.

Qivalis, supported by major European banks like ING and BNP Paribas, is set to introduce a euro-pegged stablecoin by late 2026. This move seeks to challenge US dollar dominance in digital payments while complying with EU regulatory standards.