Original sourceCryptotimesAdditional: Generation Infinity
Summary
A consortium of European banks called Qivalis, currently encompassing 37 banks across 15 countries, plans to issue a MiCA-compliant euro stablecoin on the public Ethereum blockchain in the second half of 2026. The stablecoin will be backed 1:1 by euro reserves and will operate on the public Ethereu…
Key points
- This shows increased acceptance of public blockchains by banks, potentially driving euro stablecoin adoption in Europe.
- The bank consortium issuing a stablecoin is a significant signal of traditional finance integrating with DeFi.
- European users may soon have bank-grade euro stablecoin options, and enterprise payment settlements could become more efficient.
Editorial note
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