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Qivalis Targets Euro Stablecoin Launch 2026 with 37 Banks

5/20/2026

Summary

Story summary

Qivalis aims to launch a euro-stablecoin in H2 2026 after obtaining a Dutch e-money licence.
The consortium of 37 banks includes Intesa Sanpaolo, ABN Amro, Rabobank, Nordea and Raiffeisen Bank International.
CEO Jan-Oliver Sell says Qivalis will lay Europe’s financial rails while Chairman Howard Davies stresses data-protection.
ECB President Christine Lagarde warned in early May that stablecoins may not boost the euro’s role, as dollar-stablecoins hold $301 billion, 98 % of the market.

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Story summary

Qivalis aims to launch a euro-stablecoin in H2 2026 after obtaining a Dutch e-money licence.
The consortium of 37 banks includes Intesa Sanpaolo, ABN Amro, Rabobank, Nordea and Raiffeisen Bank International.
CEO Jan-Oliver Sell says Qivalis will lay Europe’s financial rails while Chairman Howard Davies stresses data-protection.
ECB President Christine Lagarde warned in early May that stablecoins may not boost the euro’s role, as dollar-stablecoins hold $301 billion, 98 % of the market.