A group of 10 banks plans to introduce a euro-pegged stablecoin in 2026 under an entity authorized by the Dutch Central Bank.
In a Tuesday notice, BNP Paribas said it would join nine other EU-based banks in an effort to launch a euro-backed stablecoin “in the second half of 2026.” The Amsterdam-based entity formed by the banks, Qivalis, will launch a stablecoin compliant with the region’s Markets in Crypto-Assets (MiCA) framework, subject to regulatory approval.
“A native euro…
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