European Banking Giants Push Forward With Euro Stablecoin Plan

[kevin1]

Qivalis, a consortium backed by major European banks including ING, UniCredit and BBVA, is in advanced talks with crypto exchanges and liquidity providers to distribute its planned euro-pegged stablecoin. According to Spanish newspaper Cinco Días, the group is targeting a launch in the second half of 2026.

The shareholder banks themselves will also be able to distribute the token, marking a significant step toward deeper integration between traditional finance and crypto markets. First announced in September 2025 with nine founding members, Qivalis is positioning its stablecoin as a regulated European alternative in an ecosystem currently dominated by US dollar-backed tokens.

[lingriiddd]

euro pegged stablecoin about to fight for scraps in a dollar world