European Banks Unite Under Qivalis for Euro Stablecoin Launch

Qivalis, a consortium of leading European banks, has made significant strides in developing a euro-pegged stablecoin, with plans to launch in 2026. The project reflects a strategic shift by established lenders toward digital assets and aims to create a credible euro alternative in the market.

The stablecoin will be fully backed at 1:1 with the euro and will have strong liquidity from day one, thanks to support from regulated platforms and market makers. At least 40% of reserves will be held in bank deposits, while the remaining 60% will be invested in short-term sovereign bonds issued by different eurozone countries.

The consortium has applied for approval from the Dutch central bank under the EU's MiCA framework and is already in advanced talks with crypto exchanges and market makers. Qivalis CEO Jan Sell emphasized the importance of listing on regulated trading platforms from launch to build liquidity and market depth.