Major European banking consortium announces euro-backed stablecoin launch:

🏦 **Qivalis Consortium:** 12 major European banks

💶 Managed by Fireblocks

📅 Launch: H2 2026

⚖️ Regulated by Dutch Central Bank under MiCAR

Current euro stablecoin market: $650M (of $305B total)

This could significantly boost euro-denominated DeFi & payments in Europe! 🇪🇺

Banks involved: BBVA, BNP Paribas, ING, UniCredit & 8 more

#Stablecoin #Euro #MiCAR #Europe #DeFi