2025-12-06 02:10:22

#数字货币市场洞察 $ETH $1000LUNC $PIPPIN

Ten leading European banks have joined forces.

ING from the Netherlands, BNP Paribas from France, Dekabank from Germany... These traditional financial giants have set up a new company called Qivalis, planning to launch a euro stablecoin in the second half of 2026. This is no small matter.

Just look at the team to see they mean business: the chairman is a veteran of the UK banking industry, the CEO previously headed the German branch of a compliance platform, and the CFO comes from ING's core digital asset team. They understand both traditional financial regulations and the workings of the crypto world, and can find room to operate within regulatory gaps—a rare combination.

Their approach is hardcore: 1:1 backing with euros in cash plus high-quality bonds, strictly following the EU’s MiCA crypto asset regulatory framework. It’s a completely different path from those early, wild-west stablecoins.

How small is the euro stablecoin market right now? The total market cap is only around $64 million, basically negligible compared to dollar stablecoins. But Qivalis could change that.

What does Europe want?
Not to be restricted by the US-dominated stablecoin system. To have its own say in digital payments and crypto transactions. Cross-border transfer fees are too high—they need cheaper alternatives. They want to build an independent, controllable infrastructure for Europe’s digital economy.

The key is—this project has backing at the European Central Bank level and could be integrated with the digital euro in the future. Compliance and stability will be its core selling points.

Their plan has three steps:
First, gain a foothold in the crypto trading market as a common trading pair;
Then move into enterprise cross-border payment scenarios;
Finally, extend to complex areas like supply chain finance.
The goal is clear—to eat into USDT's market share.

Here’s the question: Do European financial institutions actually have what it takes to pull this off, or will it be all talk and no action again? How much market share can euro stablecoins grab from their dollar counterparts? Share your thoughts in the comments. 💬

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StableCoinKaren

· 4h ago

This is what it should be, finally someone dares to fight the US dollar stablecoin I think Europe's volatility is hard enough, and the ten banks joining forces is no joke To be honest, USDT has been monopolized for so long, and someone should challenge it Compliance is played well, much more than some pheasant stablecoins The market value of 64 million is indeed small, but the low starting point also means that there is a lot of room for growth I just don't know if it can really land in the second half of 2026, the efficiency of Europe: hmm The key is to see if USDT will be grabbed of share, it doesn't feel that easy I am optimistic about this team configuration, there are not many people who understand finance and currency The ECB's endorsement is too important, and this halo is half the story If it can really be done, cross-border payment can indeed save a lot of handling fees

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GamefiGreenie

· 16h ago

Europe teaming up to counter USDT? Sounds good, but I’m afraid it’ll just become another “PPT coin” in 2026. --- They really dare to call it Qivalis? It reeks of banks and still wants to grab market share? --- Central bank endorsement is one thing, but the key is whether exchanges will actually help roll it out. --- Strong compliance is actually a disadvantage; retail investors don’t care about that at all. --- There’s potential in cross-border payments, but the real value of stablecoins is in trading pairs. Have they figured that out? --- Europe, central banks, hardcore design—it all sounds like the prelude to another failed case. --- You want a piece of a $64 million market? USDT is the real trump card. --- I bet they won’t pull it off by 2026, and in the end, it’ll still be up to the US. --- Bank-backed stablecoins have never beaten those that grew wild, and this time will be no different. --- This is basically Europe’s version of the compliance charge, only to be schooled by the market in the end.

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LuckyBearDrawer

· 12-06 06:40

Wow, when ten banks join forces, it's definitely different. This time, Europe is really anxious. USDT should have been challenged a long time ago. The USD stablecoin monopoly has lasted too long; it's time for some disruption. Issuing in 2026? How long do we have to wait? The market changes so fast. This time there's a central bank endorsement, which makes a difference. The compliance is solid, but can they beat USDT's network effects... European financial institutions aren't necessarily fast movers. Traditional bank processes... let's just say, execution is key. By the way, if this really works out, can Europe's cross-border payment costs be cut in half? That would be a big deal. Feels like this is a structural offensive, totally different from previous stablecoins. But strict compliance is a double-edged sword. Too many restrictions make things less fun. I'm optimistic about this, but for it to actually launch, there will probably be a lot of wrangling.

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HorizonHunter

· 12-06 02:40

If the ECB endorses it, it's reliable, but I'm just worried that after all the fuss, it'll end up going nowhere. That's how it is when traditional banks get into crypto—compliance to the extreme, but still able to make money. Not launching until the end of 2026? Too many variables in between, USDT will have already taken over the market. To really take market share from USDT, there needs to be trading volume; without enough liquidity, it's just for show. This time it doesn't seem like hype—ten major banks joining forces is pretty serious. Let's wait and see; for Europe to make a comeback in payments, it'll have to rely on things like this. It all sounds great, just not sure if regulation will end up making it a headache.

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WalletDoomsDay

· 12-06 02:37

Not launching until 2026? That’s just selling dreams for now, let’s wait and see. I’m still a bit worried about banks playing with stablecoins; being too conservative actually puts them at a disadvantage. Having the endorsement of the European Central Bank is a plus, but honestly, it’s going to be tough to shake USDT’s dominance. Do these traditional financial giants really understand crypto? Feels like it’s all just empty talk. Strong compliance is good, but whether there’s enough liquidity is another issue. It’s a $60 million market—can their arrival really multiply it by ten? I’m not optimistic. Isn’t this just a political play for Europe? Making money from it would be a surprise. If banks like ING were really serious, they would’ve acted already. Coming out now feels a bit late. I actually want to see how long USDT’s sense of crisis can last.

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SurvivorshipBias

· 12-06 02:31

Another promise for 2026—just listen, don’t take it seriously. The real skill is actually launching and being able to siphon USDT; saying more now is pointless. ECB endorsement doesn’t mean it can beat the dollar; this game isn’t that simple.

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RugPullSurvivor

· 12-06 02:30

Uh, another central bank-backed stablecoin? I feel like I’ve seen this playbook before... But this time it really is different—ten major banks joining forces, that’s the real deal. Wait, it’s not launching until 2026? We’re in 2024 now, that’s another two years. By then, the market landscape could change completely. Honestly, I respect Europe’s ambition, but I’m worried this might end up being another “PPT coin”—just regulatory alignment without real capital commitment. The real bottleneck is still liquidity. Why is USDT so resilient? Because you can use it everywhere. No matter how compliant this new stablecoin is, it needs to survive first.

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ClassicDumpster

· 12-06 02:20

This time Europe is really getting serious—a joint effort by ten banks is no small matter. Honestly, the team lineup is indeed strong, but launching in 2026... that's quite a long wait. If the euro stablecoin wants to grab USDT's market share, it all comes down to liquidity; otherwise, it's just talk on paper. Having central bank endorsement is a plus, but overly strict compliance could limit its flexibility. Instead of worrying about whether it will be implemented, it's better to first look at how much USDT is actually being used in Europe. Europe's intention to challenge the dominance of the US dollar makes sense, but the market isn’t that easy to reshape. With this kind of big player entering, it’s good for small tokens in the short term, but to say it’ll be a long-term replacement... that's still too optimistic. The key is how it actually performs in the second half of 2026—it's too early to draw conclusions now.

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