10 Major European Banks Launch Regulated Euro Stablecoin by 2026

A group of ten prominent EU banks have joined forces to develop a regulated euro stablecoin, aiming for its launch in 2026. The initiative, spearheaded by Qivalis, a newly formed Dutch entity, will leverage a multi-bank structure to create an EU-based token designed specifically for on-chain payments. The project is poised to be compliant with the Markets in Crypto-Assets (MiCA) regulatory regime.