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⛓️ Crypto🟢 Bullish
EU banks’ euro-pegged stablecoin in talks with crypto exchanges to ensure liquidity
🤖AI Summary
Qivalis, a consortium of 12 major EU banks, is developing a euro-pegged stablecoin planned for launch in the second half of 2024. The group is currently in discussions with cryptocurrency exchanges to ensure adequate liquidity for their upcoming digital asset.
Key Takeaways
- →Twelve major EU banks have formed Qivalis to create a euro-pegged stablecoin.
- →The stablecoin launch is targeted for the second half of 2024.
- →Qivalis is actively negotiating with crypto exchanges to secure liquidity partnerships.
- →This represents a significant move by traditional European banking institutions into the stablecoin market.
- →The initiative could strengthen the euro's presence in the digital currency ecosystem.
#stablecoin#euro#eu-banks#qivalis#liquidity#crypto-exchanges#traditional-banking#cbdc#digital-currency#european-union
Read Original →via CoinDesk
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