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JUST IN: Europe is looking to bring the euro to blockchain before the dollar completely dominates the next stage of digital finance.
A consortium of 12 major EU banks is backing Qivalis, a stablecoin regulated under MiCA that aims to become the benchmark for the euro on chain.
Qivalis, backed by 12 major European banks, aims to launch a euro stablecoin in the second half of the year, subject to regulatory approval.