Qivalis Developing MiCA-Compliant Euro Stablecoin
Qivalis, backed by 12 major European banks including ING (ING), UniCredit (UNCRY), and BBVA (BBVA), is developing a MiCA-compliant euro stablecoin to become the default euro token on public blockchains, targeting a H2 launch pending regulatory approval, CoinDesk's Olivier Acuna reports. The initiative aims to strengthen Europe's financial and digital sovereignty and complement the European Central Bank's planned digital euro, ensuring the euro maintains its role as the world's second reserve currency in an on-chain financial system, according to the report. Publicly traded companies in the space include Bit Digital (BTBT), Bitfarms (BITF), Circle Internet (CRCL), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings (MARA), Riot Platforms (RIOT), Strategy (MSTR), Stronghold Digital Mining (SDIG) and TeraWulf (WULF).
