Qivalis Expands to 12 Members, Targets Euro-Backed Stablecoin Launch in Late 2026

Qivalis Expands Membership

The European bank consortium Qivalis has grown to include 12 major financial institutions. Among them are CaixaBank, Banca Sella, BNP Paribas, Danske Bank, DekaBank, DZ BANK, ING, KBC, Raiffeisen Bank International, SEB, UniCredit, and BBVA. BBVA joined earlier this year and has since abandoned its own separate stablecoin initiative.

Advancing the Stablecoin Initiative

Qivalis is currently in negotiations with crypto exchanges, market makers, and liquidity providers to ensure that its euro-pegged stablecoin can be launched on multiple platforms by day one in late 2026. The stablecoin will maintain a 1:1 ratio with the euro, with reserves backed by bank deposits and short-term sovereign bonds from the eurozone.

Enabling Cross-Border Transactions

• Facilitates real-time international business payments
• Reserve-backed design ensures stability
• Collaboration with leading platforms guarantees liquidity

This initiative aims to provide businesses worldwide with a secure and efficient payment solution, advancing the development of next-generation financial infrastructure.