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Europe Strikes Back: 10 EU Banks Unite Against Dollar Stablecoin Dominance
Group Collaborating to Launch First Major Euro Stablecoin by 2026
Austin Hodge
December 03, 2025
In partnership with
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As ten major European banks rally together to challenge the dollar's reign in the $300 billion stablecoin arena, they aren't just reshaping the financial landscape — they're planting a euro flag where only the greenback has stood firm.
Meet Qivalis, the newly minted powerhouse from Amsterdam, aligning big names like BNP Paribas and ING with a single mission: MiCA-compliant monetary independence. With regulatory fireworks popping across Europe and fresh fiscal leadership steering the course, the euro-backed stablecoin is charting a bold path against the dollar's supremacy. Amid the hustle, European watchdogs sound alarms on dollar-backed token risks, setting the stage for a transformative digital currency saga.
Let's dive in!
Ten major European banks form a consortium to launch a euro-backed stablecoin by 2026, eyeing to rival US dollar dominance. — Read More
The UK has officially recognized cryptocurrencies and stablecoins as legal property under a new law, enhancing investor protection and supporting its digital finance ambitions. — Read More
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