According to Spanish media Cinco Días, the Qivalis alliance, composed of 12 major European banks, is advancing its euro stablecoin project and has entered the late stages of negotiations with crypto exchanges, market makers, and liquidity providers for distribution partnerships. The goal is to officially launch in the second half of 2026. Members include CaixaBank, BNP Paribas, ING, UniCredit, and BBVA, among others. The stablecoin will be pegged 1:1 to the euro, with at least 40% of reserves held as bank deposits, and the remainder primarily allocated to high-rated short-term sovereign bonds in the eurozone, supporting 24/7 redemption. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=57425