Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.
12-bank consortium (incl. ING, UniCredit, BNP Paribas, BBVA, CaixaBank); French Finance Minister Lescure publicly endorses project at Paris crypto conference (Apr 17) — sharp reversal from previous administration's hostility; EMI license application with Dutch Central Bank reportedly in final stages; advanced exchange/market-maker discussions (Bit2Me named); launching on Ethereum (primary), Polygon, Base with permissioned KYC layer
Qivalis Euro
QEUR
At a Glance
- Backing
- Real-World Asset Backed
- Governance
- Centralized (CeFi)
- Peg Currency
- Euro
- Jurisdiction
- Netherlands
Launch Timeline
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French Finance Minister Lescure publicly endorses Qivalis and euro stablecoins
At a Paris crypto conference, Lescure called current euro stablecoin volumes 'not satisfactory' and urged EU banks to accelerate tokenized deposits — a sharp reversal from predecessor Bruno Le Maire's stance that private stablecoins had 'no place on European soil'.
SourceCEO warns of 'digital dollarization' without euro stablecoin infrastructure
Jan-Oliver Sell highlights euro's 0.2% on-chain share; EMI license described as in final stages; positions Qivalis as euro infrastructure layer, not just a token.
SourceAdvanced talks with crypto exchanges for day-one liquidity
Qivalis in discussions with exchanges, market makers, and liquidity providers for regulated platform listings.
SourceBNP Paribas joins consortium, bringing total to 12 European banks
ING, UniCredit, BNP Paribas, CaixaBank, BBVA, Banca Sella, Danske Bank, DekaBank, DZ BANK, KBC, Raiffeisen Bank International, and SEB.
SourceTwelve Banks, One Euro
Qivalis is the European banking establishment's answer to USDC and Tether: a MiCA-compliant euro stablecoin backed by a consortium of 12 major banks including BNP Paribas, ING, UniCredit, and BBVA. The reserve design — 30-40% bank deposits, the remainder in short-term eurozone government bonds — reads like a money market fund with a blockchain address. The blockchain question is now settled: Ethereum mainnet first (ERC-20), then Polygon and Base, all with a permissioned KYC layer — only pre-verified participants can hold or transfer the token, which is the banking consortium's compromise between public chain liquidity and institutional control. CEO Jan-Oliver Sell (ex-Coinbase Germany) is finalizing exchange partnerships, with Bit2Me named as one platform in discussions. The EMI license application has been filed with De Nederlandsche Bank but not yet granted. The central tension remains whether twelve banks that compete fiercely in every other market can cooperate long enough to ship before Circle's EURC and SocGen's EURCV eat the entire MiCA-compliant euro stablecoin market.
Updated
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CaixaBank and Qivalis partner to launch a euro stablecoin
Spanish banking giant CaixaBank partners with Qivalis to develop a fully regulated euro stablecoin under MiCA, targeting crypto exchanges and DeFi protocols.
BNP Paribas joins European consortium to launch euro-backed stablecoin
12 European banks — including ING, UniCredit, BNP Paribas, CaixaBank, and BBVA — unite under Qivalis for a MiCA-compliant euro stablecoin targeting H2 2026.
France's finance minister calls for more euro stablecoins, expresses Qivalis support
Roland Lescure reverses Paris's prior hostility to private stablecoins, specifically backing Qivalis and urging EU banks to accelerate tokenized deposits.
Links
Related Stablecoins
Active stablecoins with similar governance, backing, or peg currency.
