Qivalis
“Can a consortium of 37+ European banks collectively issue a MiCA-compliant euro stablecoin that becomes the dominant regulated euro-denominated digital settlement layer, displacing US dollar stablecoins in European finance?”
Founded in 2025, Qivalis is a European banking consortium purpose-built to issue a fully regulated, MiCA-compliant 1:1 euro-backed stablecoin. Rather than a traditional fintech pivot, Qivalis was created from inception as a multi-bank infrastructure play designed to challenge US dollar-denominated stablecoin dominance. Its go-to-market is consortium-led: major European banks (ING, BNP Paribas, UniCredit, and 34 others) collectively back the project, giving it distribution across 15 countries before launch. The stablecoin targets payments, cross-border settlements, and tokenized asset use cases.