A consortium of major European lenders operating under Qivalis is accelerating preparations for the launch of a euro pegged stablecoin targeted for the second half of 2026. The group has entered advanced discussions with crypto exchanges, liquidity providers and market makers to support distribution and trading infrastructure ahead of the rollout.
The consortium includes leading institutions such as ING, UniCredit and BBVA, alongside several other European banks. Shareholder institutions are also expected to participate directly in distributing the digital asset.
MiCA-Compliant Stablecoin Framework
Qivalis aims to position the project as a regulated European alternative to US dollar-backed stablecoins. The consortium is prioritizing partnerships with platforms compliant with the European Union’s Markets in Crypto-Assets (MiCA) regulation. Both European and international exchanges are being considered as potential partners to support cross-border usage.
Jan Sell, Qivalis CEO and former head of Coinbase in Germany, said;
The stablecoin’s reserve model is designed to ensure transparency and stability. At least 40% of reserves will reportedly be held in bank deposits, while the remainder will be invested in short-term, high-quality euro-area sovereign bonds to reduce concentration risk.
The euro stablecoin is intended to facilitate real-time business to business payments and global trade settlements. Token holders are expected to benefit from continuous, 24/7 redemption rights, reinforcing liquidity and confidence as European banks deepen their role in digital asset infrastructure.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.