PANews reported on April 21 that, according to Cointelegraph, a consortium of 12 European banks led by Qivalis has selected Fireblocks to provide infrastructure for the development of a euro-denominated stablecoin compliant with the MiCA regulatory framework, with a target launch in the second half of 2026, subject to approval from the Dutch central bank.

This stablecoin will be issued under Dutch regulation as an electronic money institution, backed 1:1 by the euro, and targeted at institutional users for purposes such as settlement, fund management, and tokenized assets. Fireblocks will provide tokenization technology, wallet infrastructure, and lifecycle management tools, including compliance features such as identity verification and sanctions screening.