European Banks Back MiCA Euro Stablecoin to Rival Dollar Tokens
By Christina Comben
Published on April 21, 2026.
A consortium of 12 European banks led by Qivalis has chosen Fireblocks to provide infrastructure for a Markets in Crypto Assets Regulation (MiCA)-compliant euro stablecoin. The project is set to launch in the second half of 2026, subject to approval from the Dutch central bank, De Nederlandsche Bank. The stablecoin is intended to support institutional use cases such as settlement, treasury and tokenized assets. Fireblocks will provide tokenization technology, wallet infrastructure, and lifecycle management tools. This move comes as European banks are increasing efforts to reduce reliance on dollar-denominated stablecoins in digital payments and settlement.
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