37 European Banks Bring Euro Stablecoin to Ethereum in $300B Market Shake-Up

1 month ago 19

Rommie Analytics

Key Takeaways:

The group of 37 European banks, known as Qivalis, is creating a euro-denominated stablecoin on Ethereum.
The deliberate proposal is to coin this token in euros and to make it subject to the EU regulatory regime known as MiCA.
With the approval of the e-money institution license from the Dutch central bank, Qivalis looks forward to launching in the second half of 2026.

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