According to CoinDesk, custody service provider Fireblocks will be responsible for the issuance and distribution of the Qivalis consortium's euro-denominated stablecoin. The project is expected to launch in the second half of 2026, is regulated by the Dutch Central Bank, and complies with the EU's Crypto-Asset Markets Regulation (MiCAR). Qivalis members include 12 European banks such as BBVA, BNP Paribas, ING, and UniCredit. The report states that the current stablecoin market is worth approximately $305 billion, of which about 99% are US dollar stablecoins, and euro stablecoins account for approximately $650 million. Qivalis plans to enhance the application of its euro stablecoin in institutional settings through compliant products.😃😃😃😃
April 22, 2026 98
