Qivalis consortium of 37 banks to launch euro stablecoin on Ethereum

euro stablecoin Qivalis Ethereum MiCA regulation digital assets

A consortium of 37 European banks from 15 different countries, operating under the name Qivalis, has announced plans to develop a regulated euro-denominated stablecoin on the Ethereum blockchain.

The digital asset is designed to be pegged 1:1 to the euro, providing a bridge between traditional finance and blockchain technology. The project is being developed to comply with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework to ensure transparency and security.

Qivalis is currently seeking an e-money institution (EMI) license from the Dutch central bank, De Nederlandsche Bank (DNB). The consortium aims to launch the stablecoin in the second half of 2026.

Entities

De Nederlandsche Bank · Ethereum · European Union · Qivalis

Sources

37 European Banks Bring Euro Stablecoin to Ethereum in $300B Market Shake-Up [bitcoinethereumnews.com]

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Euro-Stablecoin auf Ethereum: Was du jetzt prüfen musst [cryptoticker.io]

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Qivalis: 37 europäische Banken starten Euro-Stablecoin auf Ethereum [www.ad-hoc-news.de]

6 days ago

37 European Banks Bring Euro Stablecoin to Ethereum in $300B Market Shake-Up [www.cryptoninjas.net]

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