Europe has recently made a big move—long-established financial institutions like ING Group from the Netherlands, BNP Paribas from France, and DekaBank from Germany, along with seven other banks, have jointly formed a new company called Qivalis. Their goal is clear: to launch a compliant euro stablecoin in the second half of 2026.
What's interesting about this? The stablecoin market is currently dominated by the US dollar, with USD-pegged stablecoins like USDT taking the absolute lead. This joint effort by European banks is a clear attempt to claim a share of the stablecoin market from the dollar system.
With ten mainstream banks jumping in together, this is no small move. They carry the trust and backing of traditional finance, and compliance with regulations is one of their strengths. If they can really deliver as planned in 2026, a euro stablecoin could significantly impact the current market landscape.
After all, stablecoins are not just payment tools; they are deeply tied to monetary sovereignty and financial infrastructure. This move by Europe is a long-term strategic play. How will the market react? Let's grab some popcorn and wait and see.
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BrokeBeans
· 23h ago
Ten banks joining forces? This time they're serious—Europe is actually arm wrestling with the US dollar system.
This chessboard is interesting, but implementation is set for 2026, so it's still a long way off...
To put it bluntly, they just want a slice of the dollar stablecoin pie, but who knows how long they can play the compliance card.
Having banks as backers sounds reliable, but can it really change the landscape? I'm skeptical.
If the euro stablecoin succeeds, will it just become another new way for big players to cash in?
In one word—wait. Let's see how things play out in 2026.
Traditional finance entering the stablecoin market—this is definitely different... but I still think it's a bit slow.
With ten banks in the lineup, regulators will definitely go easy, but the question is whether users will buy in.
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LiquiditySurfer
· 12-05 06:51
Not until 2026? European banks are still dreaming. If regulatory approval goes smoothly, I'll livestream myself eating a keyboard.
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SmartContractPhobia
· 12-05 06:46
Wait, ten banks joining forces? Isn’t this just traditional finance finally getting scared and starting to copy crypto’s homework, haha.
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BearMarketHustler
· 12-05 06:37
Oh, finally someone dares to directly challenge the US dollar system. I’m just waiting to see how long these ten European banks can hold out.
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ser_ngmi
· 12-05 06:35
Ten banks are joining forces to launch a euro stablecoin, which is sure to make the US dollar system nervous. However, it won't go live until 2026, and by then the market landscape may have changed several times. Let's wait and see.
Are traditional financial giants getting serious?
Europe has recently made a big move—long-established financial institutions like ING Group from the Netherlands, BNP Paribas from France, and DekaBank from Germany, along with seven other banks, have jointly formed a new company called Qivalis. Their goal is clear: to launch a compliant euro stablecoin in the second half of 2026.
What's interesting about this? The stablecoin market is currently dominated by the US dollar, with USD-pegged stablecoins like USDT taking the absolute lead. This joint effort by European banks is a clear attempt to claim a share of the stablecoin market from the dollar system.
With ten mainstream banks jumping in together, this is no small move. They carry the trust and backing of traditional finance, and compliance with regulations is one of their strengths. If they can really deliver as planned in 2026, a euro stablecoin could significantly impact the current market landscape.
After all, stablecoins are not just payment tools; they are deeply tied to monetary sovereignty and financial infrastructure. This move by Europe is a long-term strategic play. How will the market react? Let's grab some popcorn and wait and see.