EU Banks Eye Euro-Pegged Stablecoin Launch in 2026 Amid Regulatory Scrutiny

Ten European banks, led by BNP Paribas, are collaborating to launch a euro-pegged stablecoin in the second half of 2026 through an entity called Qivalis, pending approval from the Dutch Central Bank. This MiCA-compliant initiative aims to enhance onchain payments and digital asset access for European users in their native currency. Formation of Qivalis: An [...]