Apr. 21 at 6:43 PM
🏦 12 European banks backing a MiCAR-compliant euro stablecoin via Qivalis, launching H2 2026.
Infrastructure powered by Fireblocks (private) using its ERC-20F standard for permissioned compliance, AML/KYC, and audit-ready reporting.
Member banks:
$BBVA,
$BNP,
$ING,
$UCG, UniCredit, SEB, Raiffeisen, CaixaBank, Danske, DekaBank, DZ BANK, KBC, Banca Sella.
Needs DNB (Dutch Central Bank) authorisation.
📊 Context:
Stablecoin market =
$305B
99% dollar-denominated
Euro-pegged = only
$650M
Stablecoin volume hit
$33T in 2025, +75% YoY
Fireblocks CEO Michael Shaulov:
"European banks now have both the regulatory framework and the institutional-grade infrastructure needed to scale stablecoins across the market."
Qivalis CEO Jan Sell:
"Fireblocks' platform gives us the security, compliance controls, and operational infrastructure to deliver exactly that."
Full article: https://liquidityfinder.com/news/qivalis-and-fireblocks-partner-for-micar-euro-stablecoin-21f6f
$BBVA $BNP $ING $UCG $CAIXY $DNSKF $RBAUF $SKBSY