Qivalis is coming to Ethereum.
@qivaliseu is a consortium of European banks building a regulated euro stablecoin under MiCA.
Qivalis at a glance:
→ 37 banks across 15 countries
→ 1:1 euro backing
→ EMI licence pending with the Dutch central bank
→ Target launch H2 2026
While some other bank consortia have kept their tokenised money on private networks, Qivalis is issuing on a public chain, where the liquidity, the users and the DeFi markets already are.
Dollar-pegged stablecoins are ~99.5% of the ~$300B stablecoin market. Europe is building its answer on
@ethereum.