Qivalis to launch euro stablecoin by 2026 backed by major European banks
PositiveCryptocurrency

- Qivalis, a new entity backed by major European banks, is set to launch a euro stablecoin by 2026, aiming to enhance the EU's digital sovereignty and provide a competitive alternative to US dollar-dominated payment systems. This initiative reflects a growing trend among European financial institutions to develop digital currencies that align with regional economic interests.
- The introduction of a euro stablecoin is significant for Qivalis and its banking partners as it represents a strategic move to bolster the EU's financial independence and influence in the global cryptocurrency market, potentially reshaping the landscape of digital payments in Europe.
- This development highlights ongoing concerns within the EU regarding the dominance of US dollar stablecoins, which the European Central Bank fears may undermine its monetary policy influence. The proactive response from European banks, including the formation of consortia like Qivalis, underscores a broader effort to safeguard financial stability and promote the adoption of digital currencies within the EU.
— via World Pulse Now AI Editorial System







