Qivalis, a 12-bank European consortium including BBVA and BNP Paribas, is advancing a euro-stablecoin with a planned H2 2026 launch, backed by Fireblocks for issuance and distribution and Dutch central bank oversight under MiCAR. Abstract: The Qivalis euro-stablecoin project, backed by 12 European banks and Fireblocks, targets a H2 2026 launch with Dutch central bank oversight under MiCAR, aiming to expand euro-denominated stablecoin use in institutional markets.

The Korea Financial Services Commission report shows that in the second half of 2025, cryptocurrency asset flows to overseas platforms and self-custody wallets are projected to reach $60 billion, with a 14% increase. Despite growth in local exchange users and deposits, operating profits have declined significantly, primarily due to price volatility affecting market trading volume and profitability.