Ten European Banks Form Qivalis to Launch Euro-Pegged Stablecoin
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Coinmarketcap
- Stablecoin Launch Plan: Qivalis, formed by ten European banks, plans to launch a euro-pegged stablecoin in H2 2026, aiming to provide an alternative to U.S. dollar-dominated digital payment systems, thereby enhancing the euro's competitiveness in the digital payment space.
- Leadership Team Formation: Former Coinbase Germany CEO Jan-Oliver Sell will serve as CEO of Qivalis, while ex-NatWest chairman Howard Davies has been appointed as chair, indicating high-level leadership and expertise within the project.
- Employee Recruitment Plan: Qivalis aims to hire 45 to 50 employees over the next two years, with one-third of positions already filled, demonstrating the company's rapid expansion of operational capacity to support the stablecoin's launch.
- Regulatory Compliance Efforts: Qivalis is seeking an Electronic Money Institution license from the Dutch central bank and has engaged with the ECB, which supports a European-led solution to ensure strategic autonomy in payments, reflecting the importance of stablecoin regulation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
