10 EU Banks to Launch MiCA-Compliant Euro-Pegged Stablecoin in 2026

A consortium of ten European banks is preparing to launch a stablecoin pegged to the euro that complies with the European Union’s Markets in Crypto-Assets (MiCA) framework. BNP Paribas, a leading financial institution, will join nine other entities in launching this stablecoin through an Amsterdam-based entity called Qivalis later in 2026. Regulatory approval is anticipated for late 2026.