Nine European Banks Launch MiCA-Compliant Euro Stablecoin by 2026

Europe is taking a significant step towards financial independence with the launch of a new Euro stablecoin backed by nine major banks in collaboration with Qivalis. This project, aiming for release in 2026, seeks to challenge the dominance of U.S.-based stablecoins and enhance Europe’s payment sovereignty. The initiative aims to provide faster, cheaper cross-border payments while also building a €50 billion liquidity market by 2027.