Euro Stablecoin Project Qivalis Grows to 37 Banks, Eyes 2026 Rollout

Qivalis, a Europe-based consortium of banks working on a regulated euro-denominated stablecoin, has grown to 37 members following the addition of 25 banks across 15 countries.

The newly joined institutions include Rabobank, ABN AMRO, Intesa Sanpaolo, and Nordea, among others, strengthening the project’s European banking network.

Based in Amsterdam, the consortium continues to target a launch of the stablecoin in the second half of 2026.

The latest expansion reflects growing efforts among European institutions to develop alternatives to stablecoins tied to the US dollar, which still dominate the sector with roughly 98% market share, based on data from CoinGecko.

Source: Financial Times