Qivalis is coming to Ethereum as 37 European banks across 15 countries build a MiCA-regulated euro stablecoin

Unlike some bank consortia that have kept tokenised money on private networks, Qivalis will issue its euro stablecoin on a public chain, citing existing liquidity, users and DeFi markets there. The consortium comprises 37 banks across 15 countries, with 1:1 euro backing, an EMI licence pending with the Dutch central bank, and a target launch in H2 2026. According to the article, dollar-pegged stablecoins account for roughly 99.5% of the approximately $300 billion stablecoin market, and Qivalis represents Europe's MiCA-regulated answer on Ethereum.

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• Ethereum
• MiCA
• Regulated Stablecoin
• ETH