European banks form group to launch euro-pegged stablecoin

European Banking Alliance Unveils Plans for Euro-Pegged Stablecoin, Signaling New Era for Digital Finance

A consortium of prominent European banks has officially announced its ambitious plan to launch a new euro-pegged stablecoin, a move set to significantly reshape the digital finance landscape. This initiative, emerging from a year of intense collaboration and regulatory dialogue, marks a crucial step in bridging traditional finance with the burgeoning digital asset economy. As global interest in stablecoins continues to surge, this European endea…

European Banks Launch Qivalis to Issue Euro-Pegged Stablecoin

Regulators such as the European Central Bank have elevated concerns that private stablecoins could redirect funds from regulated banking institutions. Another group of banks in Europe and the US is also looking for stablecoin issuance, showing surged institutional interest in digital currencies.  The association of 10 European banks has made a firm known as Qivalis to roll out a euro-pegged stablecoin, as per an announcement from the group. This…

European banks form group to launch euro-pegged stablecoin

A consortium of 10 European banks has established a company called Qivalis to launch a euro-pegged stablecoin, according to an announcement from the group