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
Lamborghini dealerships in the United States now accept Ethereum payments, with ETH expanding luxury car consumption scenarios
Multiple Lamborghini dealerships in the United States have started accepting Ethereum as a payment method for purchasing cars, indicating that cryptocurrency payments are expanding into high-end offline consumption. Dealers process transactions through crypto payments to avoid price volatility risks, promoting the gradual integration of digital assets into the real economy. Despite differing opinions, an increasing number of brands are attempting to accept crypto payments, demonstrating that digital assets are establishing new payment scenarios in mainstream commerce.
GateNewsJust Now
Ripple expands its payment platform into a comprehensive stablecoin infrastructure
Ripple expands its payment platform into a comprehensive fiat and stablecoin infrastructure, supporting fund management and payment functions across 60 markets. This upgrade includes custody, automated treasury, and virtual accounts, with platform transaction volume exceeding $100 billion.
GateNews8m ago
Hong Kong teams up with Shanghai to build a cross-border blockchain platform, targeting the $1.5 trillion trade finance market
The Hong Kong Monetary Authority, the Shanghai Municipal Data Bureau, and the National Blockchain Technology Innovation Center signed a memorandum of understanding to jointly research the "Cross-Border Blockchain Platform," focusing on trade data interconnection and electronic bills of lading. The goal is to reform the $1.5 trillion global cargo financing market and promote Hong Kong's role as an international financial center. This collaboration will leverage a commercial data exchange platform and blockchain technology to address existing trade financing pain points and accelerate Hong Kong's digital asset policies, including introducing tax exemptions to attract institutional investors.
MarketWhisper19m ago
TradingBase.AI Column | When Agents Begin to Enter the Financial System: A Signal We Observe in Hong Kong
TradingBase.AI will participate in the Web4.0 Hong Kong event, emphasizing that AI Agents are moving from concept to practical application, especially demonstrating great potential in financial systems. AI Agents are not only execution tools but also capable of understanding the environment, making decisions, and performing continuous tasks. The high-frequency decision-making and rule-based nature of financial markets make them an ideal testing ground for AI Agents. In the future, Web4.0 may establish a new internet collaboration model of "People + AI + Systems." Hong Kong is becoming a key node in this trend.
TechubNews58m ago
Where does the ecosystem originate: IDN Network's long-term answer to Web3 infrastructure
In the Web3 industry, ecosystem development is not simply about collaboration and quantity, but requires underlying networks to have stability, scalability, and interoperability. At the same time, infrastructure should support rather than dominate ecosystem growth. IDN Network upholds this philosophy, focusing on long-term development and emphasizing the natural evolution of the ecosystem. A true ecosystem takes time to mature and achieve self-sustainability.
TechubNews1h ago
Visa partners with Bridge! Enabling direct card payments with stablecoins, expanding crypto payments to 100 countries
Visa announces an expansion of its partnership with Bridge, a subsidiary of Stripe, planning to promote stablecoin cards in over 100 countries by 2026 and to push for on-chain settlement. This initiative will facilitate mainstream adoption of stablecoins and enhance payment convenience. Bridge is also testing the efficiency of blockchain settlement, aiming to transform traditional financial processes. This move reflects how payment giants are accelerating integration with digital currencies.
CryptoCity2h ago
