37 European banks jointly advance euro stablecoin, issuer Qivalis has obtained a license from the Dutch central bank
Original headline欧洲 37 家银行联合推进欧元稳定币，发行方 Qivalis 已获荷兰央行许可
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Thirty-seven financial institutions across 15 European countries have joined Qivalis, a bank-consortium euro stablecoin project, and the issuer has secured an electronic money institution license from the Dutch central bank (DNB). Qivalis plans to launch a euro-pegged stablecoin with 1:1 reserve backing within months, pending regulatory review of its white paper, targeting institutional payments, settlement and tokenized asset trading under the EU's MiCA regime. Consortium members BBVA and DZ BANK have adopted Ripple Custody for digital asset custody, though each member bank will decide how to custody and manage the stablecoin. The initiative matters as a bank-led challenger in a euro stablecoin market that has grown from roughly €50 million in early 2024 to about €450 million by January 2026. Next to watch is the timing of the DNB white paper approval and the token's actual issuance.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Qivalis, Ripple (XRP), DZ BANK, BBVA, 荷兰中央银行
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