A dozen banks want a euro stablecoin. Fireblocks is making it happen
CoinDesk·1h ago·Positivity
What Happened
Fireblocks is handling issuance of a euro-denominated stablecoin backed by twelve European banks through the Qivalis consortium. The token launches mid-2026, regulated by Dutch Central Bank and MiCAR-compliant. This initiative challenges dollar dominance in stablecoins, targeting institutional adoption across EU markets.
Key Entities
FireblocksQivalis ConsortiumBBVABNP ParibasINGUniCreditDutch Central BankMiCAREuro Stablecoin