6h ago
Twelve European banks set 2026 target for euro-pegged Qivalis stablecoin under MiCA
On March 3, 2026, a consortium of 12 leading European banks outlined plans to introduce a euro-pegged stablecoin named Qivalis in the second half of 2026. The token will be fully backed by euro-denominated reserves, with at least 40% in bank deposits and the remainder in short-term eurozone government bonds, and is structured to comply with the EU's MiCA framework. The banks aim to use Qivalis in cross-border business payments and are in talks with crypto exchanges and liquidity providers for launch listings.