Euro Stablecoin Showdown: Banks Pitch ‘Qivalis’ as ECB Pushes Back
The post Euro Stablecoin Showdown: Banks Pitch ‘Qivalis’ as ECB Pushes Back appeared on BitcoinEthereumNews.com. A European corporate treasurer wants euros on-chain to settle supplier invoices instantly. Their bank hints at a forthcoming “Qivalis”-style token for permissioned networks. Meanwhile, product teams prefer widely used crypto-native euros for DeFi liquidity. Then the ECB publishes another note pressing for stricter guardrails. This is the new fault line in European crypto: a contest between bank-built euro tokens and policy-makers intent on keeping payments anchored to central bank money. If you handle treasury, compliance, or crypto strategy in Europe, the next 12 months will be decisive. Here’s what’s really happening, how a “Qivalis” bank token could work in practice, and what the ECB is—and isn’t—willing to tolerate. The Big Picture Europe’s stablecoin market is being redrawn under MiCA, the EU’s landmark crypto framework. Since mid-2024, issuers of euro-referencing stabl