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Qivalis Euro Stablecoin Consortium Expands to 37 Banks Ahead of 2026 H2 Launch

GateNews

Partnerships & Ecosystem

2026-05-21 05:32:11

USDC-0.01%

Qivalis, a euro stablecoin project based in Amsterdam, has expanded its banking consortium to 37 members after adding 25 new institutions from 15 countries, including ABN AMRO, Intesa Sanpaolo, Rabobank and Nordea. The initiative targets launch in the second half of 2026 and seeks to offer a MiCA-compliant alternative to dominant US dollar stablecoins such as Tether's USDT and Circle's USDC, which collectively account for over US$301 billion in supply. The consortium aims to issue one-to-one euro-backed stablecoins held with regulated custodians and build regulated on-chain payment infrastructure under Europe's MiCA framework.

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