Nine European Banks Launch MiCA-Compliant Euro Stablecoin via Qivalis to Boost Europe’s Payment Autonomy

COINOTAG News confirms that nine premier European banks have launched a stablecoin issuer, Qivalis, registered in Amsterdam. The project targets a Euro-denominated stablecoin aligned with the EU’s Markets in Crypto-Assets Regulation (MiCA).

Nine participating European banks—including ING, UniCredit, CaixaBank, Danske Bank, KBC, DekaBank, SEB, Raiffeisen Bank International, and Banca Sella—have joined the project.

Officials say the endeavour will offer a credible European alternative to dominant US-dominated stablecoins, boosting Europe’s strategic autonomy in payments. The euro stablecoin is expected to enable near-instant, low-cost cross-border transfers, 24/7 settlement, programmable payments, and improved supply-chain finance.

Regulators anticipate the MiCA-aligned instrument to begin issuance in H2 2026, subject to final approvals. The move seeks to strengthen cross-border efficiency and digital asset settlement within the EU payments landscape.