Twelve European banks unite under Qivalis to launch MiCA-regulated euro stablecoin on Fireblocks in H2 2026
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Promote with Leviathan NewsTwelve major European banks — BNP Paribas, BBVA, ING, UniCredit, CaixaBank, and seven others — formed the Qivalis consortium in Amsterdam to launch a MiCA-compliant euro stablecoin in H2 2026, built on Fireblocks infrastructure and the permissioned ERC-20F standard under De Nederlandsche Bank supervision. Europe has a glaring stablecoin gap to close: euro stablecoins sit at just ~$650M against a ~$305B global market that's almost entirely USD-denominated, even after stablecoin transfers hit $33T in 2025. Qivalis CEO Jan Sell frames the play plainly — Europe "needs a regulated euro-backed stablecoin option backed by trusted financial institutions," and this is the first serious institutional attempt to deliver one at scale.
TLDR by @Benthic
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