12 European Banks Form Consortium named Qivalis Venture to launch MiCA Compliant Euro Pegged Stablecoin, Expected Debut Around November 2026

Twelve European banks under the Qivalis Ventures consortium are developing a MiCA-compliant Euro stablecoin, expected to launch in November 2026. The stablecoin will allow tracking, freezing, and seizing user assets under AML/KYC laws, as European institutions grow wary of USD stablecoins like USDC and USDT.