{"id":13424,"date":"2026-04-28T17:11:54","date_gmt":"2026-04-28T17:11:54","guid":{"rendered":"https:\/\/www.europesays.com\/spain\/13424\/"},"modified":"2026-04-28T17:11:54","modified_gmt":"2026-04-28T17:11:54","slug":"a-dozen-banks-want-a-euro-stablecoin-fireblocks-is-making-it-happen","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/spain\/13424\/","title":{"rendered":"A dozen banks want a euro stablecoin. Fireblocks is making it happen"},"content":{"rendered":"<p>Cryptocurrency custody firm Fireblocks is handling the issuance and distribution of a euro-denominated stablecoin, backed by a group of twelve European banks, known as the Qivalis consortium.<\/p>\n<p>The euro-backed token, scheduled for release in the second half of 2026, is regulated by the Dutch Central Bank through Amsterdam-based Qivalis and is compliant with the EU&#8217;s Markets in Crypto-Assets Regulation (MiCAR).<\/p>\n<p>The Qivalis consortium is made up of: Banca Sella, BBVA, BNP Paribas, CaixaBank, Danske Bank, DekaBank, DZ BANK, ING, KBC, Raiffeisen Bank International, SEB, and UniCredit.<\/p>\n<p>Stablecoins are cryptocurrencies with values pegged to an external reference such as the dollar, euro and other fiat currencies. The stablecoin market hit <a href=\"https:\/\/defillama.com\/stablecoins\" target=\"_blank\" rel=\"nofollow noopener\">$305 billion <\/a>in January 2026, but 99% of that volume remains dollar-denominated, with euro-pegged assets representing just $650 million. <\/p>\n<p>The Qivalis consortium aims to challenge this dollar dominance with a regulated, MiCAR-compliant offering, according to a press release on Tuesday. The euro is the second-most traded currency in the world, accounting for a daily average volume of nearly $1.1 trillion. <\/p>\n<p>&#8220;Qivalis demonstrates how major financial institutions can work together to plan a compliant euro-backed stablecoins at scale \u2013 with production-ready infrastructure that will meet MiCAR requirements, handle institutional volumes, and integrate seamlessly with existing banking systems,\u201d said Michael Shaulov, Co-Founder and CEO of Fireblocks.<\/p>\n","protected":false},"excerpt":{"rendered":"Cryptocurrency custody firm Fireblocks is handling the issuance and distribution of a euro-denominated stablecoin, backed by a group&hellip;\n","protected":false},"author":2,"featured_media":13425,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123],"tags":[2153,148,837],"class_list":{"0":"post-13424","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bbva","8":"tag-banks","9":"tag-bbva","10":"tag-stablecoins"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/13424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=13424"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/13424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/13425"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=13424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=13424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=13424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}