PANews March 2 Report: According to CoinDesk, Qivalis, formed by 12 EU banks including ING, UniCredit, BNP Paribas, CaixaBank, and BBVA, is in advanced talks with multiple crypto exchanges, market makers, and liquidity providers. The plan is to launch a euro-pegged stablecoin compliant with MiCA regulations in the second half of this year, with sufficient liquidity at the initial launch on a regulated platform. Qivalis states that the stablecoin will be backed 1:1 by at least 40% bank deposits and the rest in high-quality, short-duration Eurozone sovereign bonds, custodized by multiple high-rated agencies, and will support 24/7 redemption. The project is currently applying for authorization under the MiCA framework from the Dutch Central Bank, aiming to provide a regulated USD stablecoin alternative and real-time cross-border corporate payment tool for the Eurozone.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana launches autonomous AI agent trust layer Agent Registry, providing native identity and reputation systems for agents
Foresight News Report: Solana launches an autonomous AI agent trust layer, Agent Registry. The Agent Registry, built by Quantu, integrates identity, reputation, and verification registries natively into Solana. It can provide verified agent profiles (including the agent's identity, functions, and owner), record each agent's performance, and offer independent proof of agent work provided by third parties.
GateNews7m ago
Core Scientific mining revenue halves, hosting business surges 268% to offset losses
Core Scientific announced its Q4 2025 financial report, with total revenue decreasing to $79.8 million, primarily due to a roughly 47% decline in Bitcoin mining income. Despite the overall revenue reduction, hosting service revenue grew by over 268%, indicating that its data center transformation strategy is paying off. Adjusted EBITDA was negative $42.7 million. The company's working capital stands at $533.4 million. After shareholders rejected the merger with CoreWeave, Core Scientific will continue to operate as an independent company to advance its long-term strategy.
MarketWhisper2h ago
Sony Bank Partners with JPYC to On-Chain Japanese Yen: Use Stablecoins to Buy PlayStation Games and Watch Crunchyroll Animations More Conveniently
Japan's Sony Bank and Japanese yen stablecoin issuer JPYC have signed a memorandum of understanding to enable users to purchase stablecoins instantly through bank accounts and explore payment integration with entertainment IPs, creating a complete closed loop from fiat currency to on-chain consumption and redefining the flow of value within their ecosystem.
動區BlockTempo2h ago
BNB Chain releases BNB Chain MCP Skill
Foresight News Report: BNB Chain releases BNB Chain MCP Skill, supporting reading chain data and smart contracts; executing transactions and managing wallets; registering on-chain proxy identities (ERC-8004), etc.
GateNews2h ago
Boros' total nominal trading volume surpasses $12 billion, launching capital fee rate arbitrage functionality
Since its launch in August 2025, Boros, Pendle's funding rate trading platform, has experienced rapid growth, with trading volume surpassing $12 billion within 7 months. Its newly launched funding rate arbitrage feature helps users lock in yields and hedge against fee volatility risks, with recent gold market yields reaching as high as 21%. Meanwhile, Pendle's V2 product has also added Ripple and PayPal stablecoins.
GateNews2h ago
Curve: Currently investigating attack incidents targeting the sDOLA LlamaLend market; lenders remain unaffected.
Curve Finance is investigating an attack on the sDOLA LlamaLend market, which exploited a price oracle vulnerability affecting borrowers collateralized with sDOLA, while lenders were unaffected. The team will ensure the security of LlamaLend V2.
GateNews2h ago
