European Banks Plan Regulated Euro Stablecoin by 2026 to Bolster On-Chain Payments

The Qivalis consortium, involving major European banks like BNP Paribas, ING, and UniCredit, is developing a regulated euro stablecoin for launch in 2026 under the EU's MiCA framework. This initiative aims to enable secure, on-chain payments and bridge the gap in euro-denominated digital assets, addressing the dominance of U.S. dollar stablecoins. Qivalis, a Dutch-based entity, [...]