Qivalis Euro MiCA Stablecoin Project Expands to 37 European Banks
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On May 20, 2026 Qivalis announced 25 additional lenders, bringing its consortium to 37 European banks across 15 countries to develop a MiCA‑compliant, fully regulated 1:1 euro-backed stablecoin slated for launch in H2 2026. This institutional push should accelerate crypto adoption and token launches in Europe, strengthen regulatory security and monetary autonomy, and pressure USD-dominated stablecoins with implications for DeFi, CEX and DEX liquidity and fundraising.
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- Qivalis has announced 25 new banks joining its consortium, bringing total support to 37 banks.
- The European banks are uniting to launch a MiCA-compliant, fully regulated 1:1 euro-backed stablecoin.
- The expansion strengthens Europe’s push for monetary autonomy and challenges US dollar dominance.
On May 20, 2026, Qivalis announced that 25 additional lenders have joined its euro stablecoin project, bringing total support to 37 European (EU) banks across 15 countries. The consortium, initially comprising ING, BNP Paribas, UniCredit, and others, is developing a fully regulated, 1:1 euro-backed stablecoin scheduled for launch in the second half of 2026 under the EU’s MiCA framework.
Qivalis Consortium Expands to 37 European Banks
According to sources, Qivalis, the European banking consortium developing a regulated euro-denominated stablecoin, has significantly e…
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