European Banking Consortium Advances Euro-Pegged Stablecoin Plans

A European banking consortium is making progress on its plans for a euro-pegged stablecoin. Qivalis, which includes major banks such as ING and UniCredit, is in advanced talks with crypto exchanges and liquidity providers to distribute the stablecoin.

The consortium aims to launch the stablecoin in the second half of 2026, as part of its goal to offer a 'regulated, domestic alternative to US dollar-denominated stablecoins.'

Monthly losses from crypto hacks and scams have also reached a six-month low, according to blockchain security company PeckShield. In February, $26.5 million was stolen in 15 incidents, down from the previous month's total.