Qivalis expands to 12 members and plans to launch Euro stablecoin in the second half of 2026

The members of Qivalis, a stablecoin issuer composed of large European banks, have expanded to 12, including CaixaBank、Banca Sella、BNP Paribas、Danske Bank、DekaBank、DZ BANK、ING、KBC、Raiffeisen Bank International、SEB、UniCredit And BBVA. BBVA joined and abandoned its independent stablecoin program in February of this year. Qivalis is in negotiations with cryptocurrency exchanges, market makers, and liquidity providers to ensure that its 1:1 pegged stablecoin to the euro can be launched on multiple platforms on the first day of its launch in the second half of 2026. The stablecoin reserve will consist of bank deposits and short-term eurozone sovereign bonds, aimed at supporting real-time cross-border payments between enterprises.