Europe’s banks have a euro stablecoin license. Can they win users?

Qivalis now has permission from the Dutch central bank to operate as an electronic money institution. Its proposed euro token still does not exist in circulation. Thirty seven banks backing an issuer could give it an unusually broad route into payments and settlement, but the issuer's own distribution plan makes adoption depend on banks, exchanges and other intermediaries choosing to put the token to work. Qivalis announced Dutch electronic money institution authorization on October 14, 2026. The proposed euro token has 37 bank backers across 15 European countries.

Source: crypto.news