Foresight News reports that the stablecoin issuing organization Qivalis, composed of major European banks, has expanded to 12 members. It is currently negotiating with cryptocurrency exchanges, market makers, and liquidity providers to ensure its euro stablecoin can be launched on multiple platforms on the first day in the second half of 2026.
The current members of the consortium include CaixaBank, Banca Sella, BNP Paribas, Danske Bank, DekaBank, DZ BANK, ING, KBC, Raiffeisen Bank International, SEB, UniCredit, and BBVA. BBVA officially joined the consortium in February and announced it would abandon its original independent stablecoin plan to achieve scale through industry collaboration.
The stablecoin will be pegged 1:1 to the euro, with at least 40% of its reserves held in high-credit-rated bank deposits, and the remaining 60% invested in diversified short-term sovereign bonds within the Eurozone to ensure 24-hour redemption capability. Qivalis aims to provide a regulated domestic alternative for the European Union, focusing on real-time cross-border payments between businesses.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Exodus Wallet Adds Native XRP Ledger Integration and RLUSD Support
Exodus Wallet has integrated native XRP Ledger features, allowing users to manage XRP and Ripple's RLUSD stablecoin directly within the app. This upgrade enhances self-custody options and supports the growing market for RLUSD, which has recently been adopted as futures collateral.
CryptoFrontier1h ago
Sky Deploys USDS and sUSDS Natively on Avalanche via Skylink Bridge
Sky, the decentralized finance protocol formerly known as MakerDAO, launched its stablecoin USDS and yield-bearing sUSDS on Avalanche via Skylink, a unique crosschain bridge. The bridge began with a 5 million daily transfer cap, expected to increase by April 27.
GateNews1h ago
Ethereum Korea Consortium Launches to Build Collaborative Blockchain Ecosystem
The Ethereum Korea Consortium launched on April 16 to shift South Korea's Ethereum focus from consumption to contributions, addressing challenges like market structure and regulatory issues. The initiative aims to enhance development and create a supportive ecosystem.
GateNews1h ago
Musk’s X Money hasn’t launched yet—but it’s already making headlines! Mizuho says it will shake up the U.S. payments market and also downgrades PayPal’s rating
Elon Musk’s financial product X Money is expected to launch in April, potentially upending the U.S. payments market and putting pressure on PayPal, as Mizuho Securities has downgraded PayPal’s rating to “Neutral.” However, regulatory variables have become the main challenge, especially the legal uncertainty surrounding crypto-asset payments and yield-generating products. X has also rolled out a “Cashtags” feature that integrates real-time financial data.
ChainNewsAbmedia3h ago
Ripple's RLUSD Approved as Futures Collateral on Bitrue; Deloitte Confirms Full Reserve Backing
Ripple's RLUSD stablecoin is now collateral for futures trading on Bitrue, enhancing capital efficiency and reducing volatility exposure. Verified by Deloitte as fully backed, RLUSD also aims to modernize Ghana's tax systems for small enterprises through blockchain technology.
GateNews3h ago
South Korea Launches Blockchain Deposit Token Pilot for Government Payments Starting Q4 2026
South Korea's Ministry of Economy and Finance has approved a pilot project for blockchain-based deposit tokens to replace traditional government purchase cards, aiming to prevent misuse of funds and cut costs. The initiative aligns with the country’s digital currency strategy.
GateNews4h ago
