The post EU Banks Eye Euro-Pegged Stablecoin Launch in 2026 Amid Regulatory Scrutiny appeared on BitcoinEthereumNews.com.

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 Amsterdam-based entity uniting 10 EU banks to develop and issue the stablecoin under regulatory oversight. Regulatory pathway: The project requires approval from the Dutch Central Bank to ensure compliance with the EU’s Markets in Crypto-Assets (MiCA) framework. Market context: Euro-denominated stablecoins currently hold less than 1% of the global market, with a capitalization of about $407 million as of recent ECB data. Euro stablecoin launch by 10 banks via Qivalis in 2026 promises monetary autonomy for Europeans. Discover MiCA compliance, risks, and opportunities in digital payments. Stay informed on crypto innovations today! What is the euro-pegged stablecoin planned by European banks? Euro-pegged stablecoin refers to a digital asset designed to maintain a 1:1 value with the euro, providing stability for transactions in the cryptocurrency ecosystem. A consortium of 10 EU-based banks, including BNP Paribas, has formed the entity Qivalis in Amsterdam to develop and launch such a stablecoin in the second half of 2026, subject to regulatory approval from the Dutch Central Bank. This initiative aligns with the EU’s Markets in Crypto-Assets (MiCA) regulations, aiming to facilitate seamless onchain payments and integration with digital asset markets using the euro as the base currency. How will this euro stablecoin impact European digital payments? The introduction of a euro-pegged stablecoin by Qivalis could significantly streamline cross-border payments and everyday transactions within the European Union by leveraging blockchain technology for faster, lower-cost transfers. Qivalis CEO Jan-Oliver Sell emphasized, “A native euro stablecoin isn’t just about convenience — it’s…

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Filed under: News - @ December 3, 2025 2:24 am