[Several European Banks Advance Euro Stablecoin, Targeting Launch in the Second Half of 2026] Odaily Planet Daily reports that 10 European banks, including BNP Paribas, ING, and UniCredit, have formed a new company called Qivalis, with plans 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.