Europe Unites to Launch New Stablecoin Company – Qivalis Set to Debut in 2026

Nine major European banks have joined forces to launch a groundbreaking stablecoin initiative, promising a competitive alternative to US-based options. The new company, Qivalis, will issue its euro-denominated stablecoin in the second half of 2026 after receiving official authorization from the European Union’s MiCA regulations. This strategic alliance includes prominent institutions like ING, Banca Sella and UniCredit from Italy, KBC from Belgium, Danske Bank from Denmark, DekaBank from Germany, SEB from Sweden, CaixaBank from Spain, and Raiffeisen Bank International from Austria.