Qivalis bank consortium prepares euro stablecoin and pursues DNB EMI licence for 2026 launch

Qivalis, a consortium of 12 European banks, plans to roll out an institutional euro‑pegged stablecoin in the second half of 2026, targeting corporate payments and cross‑border blockchain settlements. The group is seeking an Electronic Money Institution licence from De Nederlandsche Bank under MiCA and designing reserves with at least 40% in bank deposits and the rest in high‑quality liquid bonds. Qivalis is also in talks with major exchanges and liquidity providers to support listings and distribution, while the European Central Bank has been described as balancing support for payment autonomy with caution on stablecoin risks.