Fireblocks will be responsible for the issuance and distribution of Qivalis Euro stablecoin According to CoinDesk, custody service provider Fireblocks will be responsible for the issuance and distribution of the Qivalis consortium's Euro stablecoin. The project is expected to be launched in the second half of 2026, regulated by the Dutch Central Bank, and complies with the requirements of the European Union's Crypto Asset Market Regulation Act (MiCAR). Qivalis members include 12 European banks, including BBVA, BNP Paribas, ING, UniCredit, and others. According to the report, the current stablecoin market size is about 305 billion US dollars, of which about 99% are US dollar stablecoins, and the size of euro stablecoins is about 650 million US dollars. Qivalis plans to enhance the application of Euro stablecoins in institutional settings through compliant products.