The European euro stablecoin consortium has grown from 9 to 37 banks across 15 countries, targeting a MiCAR-compliant launch in the second half of 2026.

Stablecoins are digital assets that are pegged to the value of currencies and other traditional assets

Qivalis, a stablecoin initiative backed by a group of European banks, aims to issue a stablecoin later this year to deepen the euro's role in tokenized finance.