Qivalis-led European bank consortium picks Fireblocks for euro stablecoin launch

The 12-bank group aims to issue a MiCA (European Union crypto regulation)-compliant token in the second half of 2026 under Dutch electronic money rules, subject to Dutch central bank approval.

Fact Check
The claim is supported by multiple mutually consistent reports. 'European banks pick Fireblocks for regulated euro stablecoin project' directly matches the core assertion: Qivalis-led banks selected Fireblocks for a MiCA-compliant euro stablecoin targeted for H2 2026 and subject to Dutch central bank approval. The Odaily item repeats the same details and cites Cointelegraph as its source, indicating a common upstream report. The Paypers result independently corroborates that Qivalis already planned a euro-pegged stablecoin for H2 2026 under Dutch EMI/DNB authorization, making the Fireblocks-selection claim plausible and consistent. Confidence is only medium because no official Fireblocks, Qivalis, or Dutch regulator source was successfully fetched in this run.
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Summary

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Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a fixed value, typically by being backed by fiat currency or other reserve assets.
  • MiCA: Markets in Crypto-Assets, the European Union’s framework for regulating crypto asset issuance and related services.
  • 1:1 euro backing: A reserve structure in which each token is matched by one euro, intended to support redemption at face value.