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2 clusters · 9 sources · 14 days · First seen 28 days ago · Last updated 15 days ago

Financial sector stablecoin adoption and regulation

Overview

Financial institutions are increasingly testing and regulating stablecoin technology for cross-border and regional payments.

In late September 2026, Lloyds Banking Group and Visa completed a seven-day pilot using stablecoins to settle $750,000 in payment obligations. The trial demonstrated that funds could move from Jersey to the United States in under an hour, even during a weekend, by utilizing different blockchain networks to test interoperability with existing banking infrastructure.

By mid-October 2026, the focus shifted toward regulatory frameworks in Europe. The Qivalis consortium, a group of 37 European banks led by ING, secured an electronic money token issuer license from the Dutch Central Bank. This milestone, achieved under the Markets in Crypto-Assets (MiCA) regulation, paves the way for a euro-pegged stablecoin intended to facilitate transfers via blockchain. The project aims for a late 2026 launch and is positioned as a bank-backed digital euro alternative.

Under this authorization from De Nederlandsche Bank (DNB), Qivalis is permitted to issue euro-denominated electronic money tokens (EMTs) using a full reserve model pegged 1:1 to the euro. The consortium, which includes major institutions such as BBVA, BNP Paribas, and UniCredit, plans to distribute tokens through a business-to-business model involving commercial banks and payment service providers. Before official issuance begins, the group must complete further MiCA-mandated requirements, such as the publication of a white paper.

Entities

Visa · Jan-Oliver Sell · UniCredit · ING · Qivalis

Claims

What the coverage asserts, and how many sources carry each claim.

[● 6 SOURCES] Qivalis has secured an Electronic Money Institution (EMI) license from De Nederlandsche Bank (DNB).
[● 5 SOURCES] The consortium consists of 37 banks across 15 European countries.
[● 4 SOURCES] The company plans to distribute tokens through banks, exchanges, and payment service providers rather than directly to retail consumers.
[● 4 SOURCES] Issuance is subject to meeting additional MiCA requirements, including the publication of a white paper.
[● 3 SOURCES] The stablecoin will be pegged 1:1 to the euro using a full reserve model.
[● 3 SOURCES] Qivalis was founded in September 2025 and is headquartered in Amsterdam.

Timeline

15 days ago

[BUSINESS] 8 sources
Qivalis secures Dutch EMI license for euro stablecoin
Qivalis, a consortium of 37 European banks, has obtained an EMI license from the Dutch central bank to prepare for the launch of a euro-pegged stablecoin under MiCA regulations.
28 days ago

[BUSINESS] 2 sources
Lloyds and Visa pilot stablecoin settlement for cross-border payments
Lloyds Banking Group and Visa successfully piloted stablecoin-based cross-border settlements, while industry reports show DLT is moving toward production-grade treasury and liquidity management applications.

Sources

blockchainseoul.kr · blockzeit.com · criptoinforme.com · criptotendencias.com · criptovaluta.it · ctmfile.com · koinbulteni.com · pymnts.com · tokenpost.kr

This summary has been updated 1 time: see revision history