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Qivalis partners with 12 European banks to promote the euro stablecoin, expected to launch in the second half of 2026.
ME News Report, April 21 (UTC+8), custody service provider Fireblocks will be responsible for issuing and distributing the euro stablecoin for the Qivalis consortium. The project is scheduled to launch in the second half of 2026 and will be regulated by the Dutch Central Bank to comply with the European Union’s Markets in Crypto-Assets Regulation (MiCAR). Members of the Qivalis consortium include 12 European banks such as BBVA, BNP Paribas, ING, and UniCredit. The report states that the current stablecoin market size is approximately $305 billion, with 99% being US dollar stablecoins, and the euro stablecoin market size is about $650 million. Qivalis aims to enhance the use of euro stablecoins in institutional scenarios through compliant products. (Source: MLion)