12 European banks jointly develop MiCA-compliant euro stablecoin

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Odaily Planet Daily News: A consortium of 12 European banks led by Qivalis has chosen Fireblocks to provide infrastructure for jointly developing a euro stablecoin compliant with the MiCA regulatory framework.
The stablecoin is planned to be launched in the second half of 2026, pending approval from the Dutch Central Bank, and will be backed 1:1 by euro reserves.
It will be issued in electronic money form under Dutch regulation, mainly targeting institutional settlement, fund management, and asset tokenization scenarios.
Fireblocks will provide support for tokenization, wallets, and compliance tools, including identity verification and sanctions screening features. (Cointelegraph)

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