Qivalis Seeks Exchange Partners for Euro Stablecoin Launch in 2026

Qivalis, a consortium of 12 European banks, is in talks with crypto exchanges and market makers to distribute its planned euro-pegged stablecoin. The launch, targeted for the second half of 2026, aims to offer a regulated, domestic alternative to dollar-denominated stablecoins.

The consortium's priority is real-time cross-border business-to-business payments and global trade. Bit2Me, a MiCA-licensed exchange in Spain, has held talks with one of Qivalis' member banks.

Qivalis requires its distribution partners to comply with the European Union's Markets in Crypto-Assets Regulation. The consortium's stablecoin will be backed 1:1, with at least 40% held in bank deposits and the remainder in high-quality sovereign bonds from multiple euro-area countries.