$ETH $PIPPIN $BTC
🚀 The top ten banks in Europe join forces to create a euro stablecoin! Officially launching in 2026, will the US dollar stablecoin face the strongest challenge?
欧洲金融圈炸了！ !🇪🇺 ING, BNP Paribas, and other top ten institutions have teamed up to establish Qivalis, announcing the launch of a fully compliant euro stablecoin in 2026! The team is exceptionally strong: the chairman is a veteran of the Bank of England, the CEO previously headed Coinbase in Germany, and the CFO comes from ING's digital assets division—clearly aimed at compliance breakthroughs!
💎 What are the highlights?
1️⃣ 1:1 euro cash + high-quality bond reserves, strictly designed according to EU MiCA standards;
2️⃣ Supported by the European Central Bank, it may form a "dual-track system" with the digital euro in the future;
3️⃣ The goal is three steps: first, create cryptocurrency trading pairs, then enter corporate cross-border payments, and finally expand into supply chain finance.
Currently, the market value of the euro stablecoin is only $64 million, which is almost negligible compared to the US dollar stablecoin. But Europe’s ambition this time is clear: reduce dependence on the US system and compete for digital payment discourse power!
🔥 What do you think:
Can the euro stablecoin really shake USDT's position?
Is Europe genuinely making a move this time or just a paper blueprint?
Feel free to discuss in the comments!
