Qivalis Consortium Advances Euro Stablecoin Ahead of Launch

The Qivalis consortium, which includes major European banks like ING, UniCredit, and BBVA, is in advanced discussions with crypto exchanges, market makers, and liquidity providers to distribute its planned euro-pegged stablecoin, expected to launch in the second half of 2026. Qivalis CEO Jan Sell indicated that the group is considering both European and international partners to offer a regulated, domestic alternative to US dollar-denominated stablecoins, crucial for real-time, cross-border B2B payments. The consortium requires partners to comply with EU regulatory frameworks like MiCA. The stablecoin's reserves will be backed 1:1, with at least 40% held in bank deposits and the remainder in high-quality, short-term sovereign bonds from various euro-area countries, supporting 24/7 redemption for token holders.

(Source：Cointelegraph)