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EU Banking Consortium Qivalis to Launch MiCA-Compliant Euro Stablecoin by 2026

EU Banking Consortium Qivalis to Launch MiCA-Compliant Euro Stablecoin by 2026

Author:

Global Cryptocurrency

Published:

2025-12-02 23:07:01

26

3

BTCCSquare news:

Ten major European banks, including BNP Paribas, ING, and UniCredit, have formed Amsterdam-based entity Qivalis to develop a regulated euro stablecoin slated for launch in late 2026. The consortium is pursuing an Electronic Money Institution license from the Dutch central bank to issue the fully reserved fiat-backed token under the EU's Markets in Crypto-Assets framework.

The blockchain-native stablecoin will bypass traditional payment rails, targeting corporate settlements and digital finance applications. Jan-Oliver Sell, a seasoned financial executive, has been appointed CEO to lead the initiative. This MOVE signals growing institutional recognition of stablecoins' role in modernizing financial infrastructure.

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