[Several European banks advance plans for Euro stablecoin, scheduled to launch in the second half of 2026] According to a report by Golden Finance, 10 European banks, including BNP Paribas, ING, and UniCredit, have formed a new company called Qivalis, planning to launch a Euro-pegged stablecoin in the second half of 2026 to counter the dominance of the US dollar in digital payments. Qivalis is headquartered in Amsterdam, with former Coinbase Germany CEO Jan-Oliver Sell serving as CEO and former NatWest Chairman Howard Davies as Chairman.