10 European Banks Unite to Launch Euro Stablecoin in 2026

A consortium of ten major European banks, including CaixaBank and BNP Paribas, has formed Qivalis to launch a euro-pegged stablecoin by 2026. This initiative is expected to improve digital payment efficiency within the Eurozone. The project receives backing from established financial institutions, aiming to optimize their digital currency systems. This marks a significant step in the development of digital payments facilitated by blockchain technology.