European Banks Unite to Launch Euro Stablecoin with Fireblocks
Fireblocks, a leading cryptocurrency custody firm, is set to facilitate the issuance and distribution of a euro-denominated stablecoin, backed by a group of 12 major European banks. The Qivalis consortium, comprising banks such as CaixaBank, Danske Bank, and UniCredit, aims to introduce the euro-backed token in the second half of 2026. Regulated by the Dutch Central Bank and compliant with the EU…