I just saw some news that deserves attention: major European banks are really moving into crypto. The Qivalis consortium, which includes 12 banking giants such as CaixaBank, BNP Paribas, and ING, has just announced its plans to launch a euro stablecoin in the second half of 2026. This is clearly a turning point for the European banking sector.

What interests me most is the structure behind it. The stablecoin will be backed by solid reserves: at least 40% in bank deposits, with the rest in short-term government bonds from the eurozone with excellent ratings. This is a very conservative approach compared to many current stablecoins, which probably explains why these major institutions are backing it.

Why is this important? First, it’s a direct response to the dominance of dollar-based stablecoins. Europeans are clearly seeking to strengthen their digital sovereignty and not rely solely on American solutions. Second, it could open the door to more institutional investors in digital assets. When big banks launch their own solutions, it changes market perception.

This kind of initiative shows that on-chain financial infrastructure is no longer just a crypto experiment but is gradually becoming a strategic element for traditional institutions. Something to watch closely.