European banks line up exchange partners for 2026 stablecoin launch

Qivalis, a consortium of 12 European banks, is reportedly in talks with crypto exchanges ahead of its euro stablecoin launch in the second half of 2026.

Qivalis, a consortium of major European banks, is in advanced talks with crypto exchanges and liquidity firms to distribute its planned euro-pegged stablecoin, Spanish business newspaper Cinco Días reported Monday.

The group, including banks such as ING, UniCredit, and the recent addition of BBVA, is moving toward the launch of a stablecoin in the second half of 2026, Cinco Días reported.

The consortium is now reportedly in advanced discussions with crypto exchanges, market makers and liquidity providers. The shareholder banks themselves will also be able to distribute the stablecoin.

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