EU Banks Partner With Fireblocks to Launch Regulated MiCA Stablecoin

• A consortium of 12 EU banks has partnered with Fireblocks to develop a MiCA-compliant euro stablecoin.
• To create a regulated euro-backed stablecoin alternative, reducing reliance on dominant USD stablecoins.
• Targeting launch in the second half of 2026, it could accelerate regulated institutional crypto adoption.

A consortium of 12 European (EU) banks, led by Qivalis, has partnered with Fireblocks to develop a fully compliant Markets in Crypto Assets Regulation (MiCA)-compliant euro stablecoin for institutional settlement, treasury, and tokenized assets. 

The initiative targets a launch in the second half of 2026, aiming to reduce reliance on dominant USD-backed stablecoins, which account for nearly 99% of the $320B global supply, while advancing EU-regulated euro-native digital finance infrastructure.

EU Banks Partner With Fireblocks to Launch Euro Stablecoin

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