Qivalis in talks with crypto exchanges ahead of euro stablecoin launch
EU banks' stablecoin group, Qivalis, is negotiating with exchanges to ensure immediate liquidity upon its planned H2 launch.Summary
Qivalis, a consortium of 12 major EU banks including ING, UniCredit, BNP Paribas, CaixaBank, and BBVA, is in advanced discussions with crypto exchanges, market makers, and liquidity providers to guarantee the token's availability on regulated platforms from day one. This euro-pegged stablecoin, developed to comply with the EU's MiCA framework and promote European strategic autonomy, aims to offer a regulated alternative to U.S. dollar-denominated tokens for blockchain payments and cross-border corporate settlements.
The token is slated for a second-half launch this year, and the group is seeking authorization from the Dutch central bank. Qivalis CEO Jan Sell confirmed the focus on liquidity. The stablecoin will maintain a 1:1 backing, with reserves structured to hold at least 40% in bank deposits and the remainder in diversified, high-quality, short-term euro-area sovereign bonds held across multiple highly rated credit institutions, featuring 24/7 redemption for holders.
(Source：CoinDesk)