💶 The Qivalis alliance of 12 #major European banks is advancing a euro stablecoin, targeting #launch in the second half of 2026. Members include CaixaBank, BNP Paribas, ING, UniCredit, and BBVA. The coin will be 1:1 pegged to the euro, with at least 40% of reserves in bank deposits and the rest in high-rated short-term eurozone sovereign bonds, offering 24/7 redemption. #stablecoin
#crypto
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💶 The Qivalis alliance of 12 #major European banks is advancing a euro stablecoin, targeting #launch in the second half of 2026. Members include CaixaBank, BNP Paribas, ING, UniCredit, and BBVA. The coin will be 1:1 pegged to the euro, with at least 40% of reserves in bank deposits and the rest in high-rated short-term eurozone sovereign bonds, offering 24/7 redemption. #stablecoin
#crypto