TechFlow, on December 3, according to Crowdfundinsider, nine major European banks—Banca Sella, CaixaBank, Danske Bank, DekaBank, ING, KBC, Raiffeisen Bank International, SEB, and UniCredit—announced the launch of Qivalis, a MiCAR-compliant stablecoin issuer. The entity will issue a euro-denominated stablecoin under the supervision of the Dutch Central Bank (DNB), with plans to launch in the second half of 2026. BNP Paribas SA has recently joined the consortium, further expanding the number of financial institutions participating in this MiCAR-compliant euro stablecoin initiative.
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