News Explorer — Euro-Backed Stablecoin by Qivalis Consortium Challenges Dollar-Pegged Dominance

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Apr 21, 8:00 am

Coindesk

Euro-Backed Stablecoin by Qivalis Consortium Challenges Dollar-Pegged Dominance

Fireblocks, a cryptocurrency custody firm, is facilitating the issuance of a euro-backed stablecoin by the Qivalis consortium, consisting of twelve European banks. The stablecoin, regulated by the Dutch Central Bank and compliant with EU's MiCAR, aims to challenge the dominance of dollar-pegged stablecoins.

Fireblocks, a cryptocurrency custody firm, is facilitating the issuance of a euro-backed stablecoin by the Qivalis consortium, consisting of twelve European banks. The stablecoin, regulated by the Dutch Central Bank and compliant with EU's MiCAR, aims to challenge the dominance of dollar-pegged stablecoins.

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