Qivalis, a Europe-based stablecoin initiative backed by commercial banks, expands its consortium by adding 25 new lenders, bringing the total number of participating banks to 37 across 15 European countries. The reported members include Luxembourg’s state-owned Spuerkeess, as well as Spain’s Sabadell and Bankinter. The project is preparing to issue a euro-pegged stablecoin later this year, with several sources pointing to a second-half 2026 launch timeframe. Qivalis describes the planned token as MiCA-compliant and pegged 1:1 to the euro, aiming to be used in tokenized finance and digital payments. Across outlets, the expansion is framed as part of a broader effort to increase the euro’s presence in markets where U.S. dollar-linked stablecoins currently dominate. The consortium’s growth is presented as a signal of wider institutional participation, as Qivalis advances toward issuance under European regulatory standards. The initiative remains focused on regulatory alignment and a euro-denominated stablecoin design, while details beyond membership and timeline are limited in the reports.
Qivalis euro stablecoin consortium grows to 37 banks ahead of planned 2026 launch
Qivalis, a Europe-based stablecoin initiative backed by commercial banks, expands its consortium by adding 25 new lenders, bringing the total number of participating banks to 37 across 15 European cou...
- Qivalis adds 25 new European banks, bringing the consortium to 37 institutions.
- The banks are based across 15 European countries.
- Qivalis plans a euro-pegged stablecoin pegged 1:1 to the euro.
- Sources describe the token as MiCA-compliant.
- A launch is targeted for the second half of 2026 (with some sources also saying later this year).
Global · Fintech & Payments Key Facts —The consortium just grew sharply. Twenty-five new banks, including Spain’s Sabadell and Bankinter, joined Qivalis, lifting it to 37 financial institutions across 15 European countries. —A regulated euro stablecoin. The Amsterdam-based venture plans a MiCA-compliant token pegged 1:1 to the euro, with a launch targeted for the second […] The post 37 European Banks Now Back a Euro Stablecoin to Rival the Dollar appeared first on The Rio Times.
3 months agoQivalis consortium now includes 37 banks from 15 countries, with its euro-pegged cryptocurrency aimed at challenging US dominance in digital payments.
3 months agoQivalis added 25 European banks to its euro stablecoin consortium, reaching 37 institutions, including Luxembourg's state-owned Spuerkeess.
3 months agoQivalis expands to 37 banks after adding 25 new members across 15 countries, boosting euro stablecoin plans ahead of a second-half 2026 launch.
3 months agoQivalis, a stablecoin initiative backed by a group of European banks, aims to issue a stablecoin later this year to deepen the euro's role in tokenized finance.
3 months ago
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