---
title: "Qivalis Euro (QEUR) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/eur-qivalis/"
description: "Build-time stablecoin profile for Qivalis Euro (QEUR). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-24"
---



# Qivalis Euro (QEUR)

**Peg:** Euro

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** pre-launch

## Overview

QEUR is a pre-launch MiCA-oriented euro stablecoin from a banking consortium that ballooned to 37 institutions across 15 countries by May 2026 — up from 12 a few months earlier — targeting H2 2026 issuance under a Dutch EMI license. Qivalis is the European banking establishment's answer to USDC and Tether: a MiCA-compliant euro stablecoin now backed by names like BNP Paribas, ING, UniCredit, BBVA, ABN Amro, Intesa Sanpaolo, Rabobank, and Nordea. The reserve design — 30-40% bank deposits, the remainder in short-term eurozone government bonds — reads like a {{term:money-market-fund}}money market fund{{/term}} with a blockchain address. The chain question is settled: Ethereum mainnet first (ERC-20F with a permissioned KYC layer), then Polygon and Base — only pre-verified participants can hold or transfer the token, the consortium's compromise between public-chain liquidity and institutional control. CEO Jan-Oliver Sell (ex-Coinbase Germany) is lining up exchange partnerships, and the EMI license application sits with De Nederlandsche Bank, filed but not granted; Qivalis says it will launch the moment approval lands. The central tension is unchanged and arguably sharper at 37 members: whether dozens of banks that compete fiercely everywhere else can cooperate long enough to ship before Circle's EURC and SocGen's EURCV finish eating the MiCA-compliant euro market. The ticker itself isn't even public yet. {{term:custody}}Custody{{/term}} sits across consortium banks and 1:1 {{term:redemption}}redemption{{/term}} rights remain pre-launch commitments.

## Collateral

Planned 100% reserve backing — at least 40% in bank deposits with the remainder in short-term euro-area sovereign bonds diversified across EU countries, with 24/7 redemption; Qivalis states that no stablecoins or tokens have been issued yet

## Peg Mechanism

Pre-launch MiCA-oriented euro stablecoin design: Qivalis describes a regulated 1:1-backed euro token with safeguarded reserves and reliable on-demand access once official issuance begins

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| Netherlands | N/A | N/A |

## Live Data

This is a pre-launch stablecoin profile. Live API data is not available until launch.