According to Cointelegraph, a consortium of 12 European banks is preparing to launch a euro- Peg stablecoin in the second half of 2026. The project, led by the Qivalis consortium and involving a former senior executive from Coinbase, demonstrates an ambition to build an institutional digital payment infrastructure capable of directly competing with the currently dominant USD Peg stablecoins globally.
The guarantee structure and strict compliance guidelines
The stablecoin is expected to be backed 1:1 by real assets. According to the announced plan, a minimum of 40% of reserves will be held in bank deposits, with the remainder allocated to eurozone government bonds. This mechanism aims to ensure high liquidation , transparency, and compliance with EU financial management standards. The project also commits to a 24/7 redeem mechanism, allowing users to convert stablecoins to euros at any time.
The choice of a reserve structure skewed towards traditional assets reflects the trend of building stablecoins under a strict legal framework, especially in the context of the European Union's implementation of the MiCA regulations for digital assets.
Negotiate distribution with the exchange and liquidation maker.
The Qivalis Alliance is currently conducting advanced talks with numerous crypto exchange and LP, including platforms in Europe and internationally. The goal is to ensure the stablecoin has deep liquidation from the outset and is widely listed on major trading ecosystems.
This shows that the project is not only aimed at the EU's internal market but also has ambitions to become an international payment tool, especially in the field of cross-border trade.
Focus on B2B payments and global trade.
Unlike many stablecoins that primarily serve speculative transactions, the new euro stablecoin is positioned to facilitate real-time B2B payments. The alliance states that its main goal is to support businesses in international payments, optimize cash flow, and reduce reliance on traditional payment systems that are limited in speed and processing time.
Given that the US dollar still accounts for the majority of global stablecoin liquidation , this project is XEM as a strategic move to strengthen the role of the euro in the digital asset ecosystem and international trade.
