Foresight News reports that the stablecoin issuing organization Qivalis, composed of major European banks, has expanded to 12 members. It is currently negotiating with cryptocurrency exchanges, market makers, and liquidity providers to ensure its euro stablecoin can be launched on multiple platforms on the first day in the second half of 2026.
The current members of the consortium include CaixaBank, Banca Sella, BNP Paribas, Danske Bank, DekaBank, DZ BANK, ING, KBC, Raiffeisen Bank International, SEB, UniCredit, and BBVA. BBVA officially joined the consortium in February and announced it would abandon its original independent stablecoin plan to achieve scale through industry collaboration.
The stablecoin will be pegged 1:1 to the euro, with at least 40% of its reserves held in high-credit-rated bank deposits, and the remaining 60% invested in diversified short-term sovereign bonds within the Eurozone to ensure 24-hour redemption capability. Qivalis aims to provide a regulated domestic alternative for the European Union, focusing on real-time cross-border payments between businesses.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tether makes a strategic investment of $1.5 billion in smart sleep technology company Eight Sleep
Tether Investments has made a strategic investment of $1.5 billion in smart sleep technology company Eight Sleep, aiming to enhance its capabilities and establish a long-term partnership to jointly develop health technology based on the Tether QVAC architecture. This move follows Tether's launch of the QVAC Health personal health platform, designed to integrate health data and improve user experience.
GateNews14m ago
MCN Group acquires NADI blockchain and undergoes a comprehensive strategic restructuring
MCN Group announces the completion of its acquisition of the NADI public chain, with plans for strategic restructuring to integrate technology and user resources, creating a new public chain MCN Chain, dedicated to building an ecosystem that combines AI and blockchain, with MCN as the sole native token.
GateNews1h ago
CoinShares launches CoinShares BNB Staking ETP
PANews March 4 News, according to official sources, CoinShares announced the launch of CoinShares BNB Staking ETP, which is now live. The product offers BNB staking rewards and implements a zero fee rate, allowing investors to gain BNB exposure within a regulated framework while also earning on-chain yields.
GateNews2h ago
