Qivalis, a stablecoin issuer launched by 9 European banks, plans to issue a euro stablecoin in the second half of 2026.

Foresight News reported that nine major European banks—Banca Sella, CaixaBank, Danske Bank, DekaBank, ING, KBC, Raiffeisen Bank International, SEB, and UniCredit—have announced the launch of Qivalis, a stablecoin issuer compliant with MiCAR standards. Qivalis will issue a euro stablecoin under the supervision of the Dutch Central Bank (DNB), with plans to launch the euro stablecoin in the second half of 2026. BNP Paribas SA has also recently joined the alliance, further expanding the number of financial institutions participating in this MiCAR-compliant euro stablecoin initiative.