Qivalis Euro MiCA Stablecoin Project Expands to 37 European Banks
This imbalance creates structural risks and strategic vulnerabilities for Europe. Reliance on foreign-issued stablecoins exposes European institutions, corporates, and payment flows to external monetary policy spillovers, dollar liquidity shocks, and counterparty risks outside EU regulatory oversight. Whats Next as EU Banks Challenge U.S. Dollar Dominance The Qivalis Consortiums growth to 37 banks signals strong institutional momentum for tokenized euro assets and could accelerate adoption of on-chain payments across European commerce and DeFi. It positions Europe to compete more effectively with US-led stablecoin giants while fostering innovation in real-world asset tokenization and digital finance infrastructure. Launch remains firmly targeted for the second half of 2026. Once live, the fully regulated, 1:1 euro-backed stablecoin will deliver instant, 24/7 settlement for cross-border payments, tokenized asset transfers and programmable treasury operations, capabilities that today are almost entirely routed through dollar-pegged tokens. Furthermore, S&P Global Ratings projected that the euro stablecoin market could grow from about €770 million to as much as €1.1 trillion by 2030, driven by rising institutional demand for on-chain euro liquidity.









