⛓️ Crypto🟢 Bullish

European bank consortium targets 2026 launch for euro-backed stablecoin: report

The Block|Naga Avan-Nomayo|March 2, 2026 at 04:13 PM|1 views

Image via The Block

🤖AI Summary

A consortium of 12 major European banks called Qivalis is developing a euro-backed stablecoin targeting launch in the second half of 2026. This represents a significant move by traditional European banking institutions into the cryptocurrency space with their own digital asset offering.

Key Takeaways

→12 major European banks are collaborating through the Qivalis consortium to create a euro-backed stablecoin.
→The stablecoin is targeting a launch date in the second half of 2026.
→This represents traditional European banking institutions making a direct entry into the cryptocurrency market.
→The initiative could provide a regulated, bank-backed alternative to existing stablecoins in the European market.

#stablecoin #euro #european-banks #qivalis #consortium #2026-launch #cbdc #traditional-finance #regulation

Read Original →via The Block

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