Qivalis Consortium Taps Fireblocks for MiCAR Euro Stablecoin
CryptoDnes·60-word summary·1 min read
Twelve major European banks are collaborating with Fireblocks to launch a regulated euro stablecoin aimed at institutional settlement and compliance with the Markets in Crypto-Assets Regulation (MiCAR). The initiative, led by the Qivalis Consortium, seeks to enhance cross-border transactions within the European Union, emphasizing regulatory adherence and institutional use. The project marks a significant step toward regulated stablecoin adoption in Europe.
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