European multi-bank joint stablecoin issuer Qivalis expands to 12 members, negotiating with exchanges to launch in the second half of the year

CoinNetwork · 2026-03-02T09:49:11+00:00

According to Spanish media reports, the number of members of stablecoin issuer Qivalis has increased to 12, with the goal of launching the euro stablecoin in the second half of 2026. They are negotiating with crypto exchanges and others, planning to ensure the liquidity and redeemability of the stablecoin.

CoinNetwork

2026-03-02 09:49:11

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Crypto World 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. 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 reserves held in high-credit-rated bank deposits, and the remaining 60% invested in diversified short-term eurozone sovereign bonds to ensure 24-hour redemption. Qivalis aims to provide a regulated domestic alternative for the EU, focusing on cross-border real-time payments between enterprises.

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