Several European banks advance euro stablecoin, targeting launch in the second half of 2026
According to ChainCatcher, ten European banks, including BNP Paribas, ING, and UniCredit, have formed a new company called Qivalis, planning to launch a euro-pegged stablecoin in the second half of 2026 to counter the US dollar-dominated digital payments.
Qivalis is headquartered in Amsterdam, with former CEO of a German exchange's operations, Jan-Oliver Sell, serving as CEO, and former NatWest chairman Howard Davies as chairman of the board.
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