Qivalis, backed by 12 major European banks including ING (ING), UniCredit (UNCRY), and BBVA (BBVA), is developing a MiCA-compliant euro stablecoin to become the default euro token on public blockchains, targeting a H2 launch pending regulatory approval, CoinDesk’s Olivier Acuna reports. The initiative aims to strengthen Europe’s financial and digital sovereignty and complement the European Central Bank’s planned digital euro, ensuring the euro maintains its role as the world’s second reserve currency in an on-chain financial system, according to the report. Publicly traded companies in the space include Bit Digital (BTBT), Bitfarms (BITF), Circle Internet (CRCL), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings (MARA), Riot Platforms (RIOT), Strategy (MSTR), Stronghold Digital Mining (SDIG) and TeraWulf (WULF).
Meet Samuel – Your Personal Investing Prophet
COZX: an alternative to margin or options on CORZPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRCL:
- Mixed options sentiment in Circle Internet Group Inc with shares down 5.92%
- Crypto Currents: Better, Coinbase launch token-backed mortgage
- Cathie Wood’s Ark Invest Bets $16 Million on Circle as CRCL Stock Crashes 20%
- Mixed options sentiment in Circle Internet Group Inc with shares down 4.56%
- Morning News Wrap-Up 3/26/26: Today’s Biggest Stock Market Stories!