Interesting news from Europe — the consortium of major banks, Qivalis, is seriously preparing to launch its own euro-pegged stablecoin. They plan to do this in the second half of 2026, and judging by the activity, this is not just promises. Negotiations with crypto exchanges are already underway on how to technically organize everything after the launch.

What’s interesting here? The fact that this could truly become a turning point for the traditional banking sector. European banks are finally beginning to understand that digital assets are not just a trend but a tool that needs to be adapted to their needs. The euro stablecoin will provide the stability that market participants are seeking for settlements and transactions.

It’s important that the consortium is working directly with exchanges on integration. This means that the new stablecoin will not be floating in the air — it will be traded and used immediately. The European financial system will gain a tool that can genuinely facilitate cross-border payments and settlements within the EU.

While other markets are experimenting with stablecoins, Europeans are approaching this more systematically. In a year or a year and a half, we will see how successful this launch turns out to be. If everything goes according to plan, it could inspire other regional consortia to create their own stablecoins.