As per Coinotag, the Qivalis consortium, including BNP Paribas, ING, and UniCredit, is developing a regulated euro stablecoin for a 2026 launch under the EU’s MiCA framework. The project aims to enable on-chain payments and address the dominance of U.S. dollar stablecoins. The stablecoin will be fully backed by fiat reserves and require an Electronic Money Institution license from the Dutch central bank. It is expected to support instant cross-border settlements and programmable payments for tokenized assets and crypto trades.
European Banks to Launch Regulated Euro Stablecoin in 2026 via Qivalis Consortium
CoinotagShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.