The Qivalis consortium has added 25 new banks to its membership as it prepares to launch a euro-denominated stablecoin [1].
This expansion represents a significant push by traditional European financial institutions to establish a regulated, bank-backed alternative to private stablecoins. By broadening its network, the consortium aims to ensure wider liquidity and adoption across the Eurozone before the asset becomes operational.
The group now consists of 37 banks in total [2]. These member institutions are spread across 15 different European countries [3], creating a cross-border infrastructure intended to support the digital currency's rollout.
The growth of the consortium comes as the project moves toward its target release date. Qivalis expects to launch the stablecoin in the second half of 2026 [4].
Unlike many existing stablecoins that are issued by fintech companies, Qivalis is a joint venture of established banks. This structure is designed to provide a higher level of institutional trust and regulatory alignment. The addition of the 25 new banks [1] suggests a growing appetite among European lenders to integrate blockchain-based settlement tools into their core operations.
The consortium continues to build its network to ensure the stablecoin has a robust ecosystem of participating banks upon its debut. This strategy focuses on creating a stable, euro-backed digital asset that can facilitate efficient payments, and settlements across the continent [1].
“The Qivalis consortium has added 25 new banks to its membership.”
The growth of the Qivalis consortium indicates a strategic shift toward institutional collaboration in the digital asset space. By uniting 37 banks across 15 countries, the venture is attempting to mitigate the risk of fragmentation in the European stablecoin market. This move suggests that traditional banks view a collective, regulated approach as the most viable way to compete with decentralized finance and non-bank issuers while remaining compliant with European financial regulations.
