European Banks Unite to Launch Euro Stablecoin with Fireblocks
A group of 12 prominent European banks has partnered with Fireblocks, a leading cryptocurrency custody firm, to develop and launch a euro-backed stablecoin. The Qivalis consortium, comprising Banca Sella, BBVA, BNP Paribas, CaixaBank, Danske Bank, DekaBank, DZ BANK, ING, KBC, Raiffeisen Bank International, SEB, and UniCredit, aims to introduce the stablecoin in the second half of 2026. The Dutch …