TechFlow News, April 21: According to CoinDesk, Fireblocks, a custody service provider, will handle the issuance and distribution of the Qivalis consortium’s euro-pegged stablecoin. The project is scheduled for launch in the second half of 2026, under supervision by the Netherlands Central Bank and in compliance with the EU’s Markets in Crypto-Assets Regulation (MiCAR). Qivalis members include 12 European banks, such as BBVA, BNP Paribas, ING, and UniCredit.
The report notes that the current stablecoin market size stands at approximately $30.5 billion, with about 99% denominated in U.S. dollars; euro-pegged stablecoins account for roughly $650 million. Qivalis aims to enhance institutional adoption of euro stablecoins through a compliant product.
