Search results for Qivalis
Crypto
Dollar stablecoin market tops 400 trillion won as Korea faces double bind on won stablecoin
The global stablecoin market has grown to about 400 trillion won, with dollar-backed tokens dominating and strengthening their position in payments and remittances. In South Korea, debate over issuers, reserve asset management and redemption is slowing progress on the Digital Asset Basic Act. Industry participants say allowing won stablecoin issuance is not enough and that viable payment use cases, liquidity, distribution channels and supporting infrastructure must be built alongside regulation.
Crypto
Six major Swiss banks test Swiss franc stablecoin
Six major Swiss banks are testing a stablecoin pegged to the Swiss franc with Swiss Stablecoin AG, CoinDesk reported. UBS, PostFinance, Sygnum, Raiffeisen, Zurich Cantonal Bank and BCV set up a sandbox allowing banks and institutions to trial real transactions in a controlled environment through 2026. The project limits user numbers and volumes to manage risk and focuses on payment process testing and programmable money. Switzerland does not yet have a widely used regulated CHF stablecoin.
Crypto
European banks seek exchange ties ahead of 2026 stablecoin launch
Major European banks are preparing to launch a euro-linked stablecoin in 2026 and have begun negotiations with cryptocurrency exchanges and liquidity firms, Cointelegraph reported on March 2. The Qivalis consortium, which includes ING, UniCredit, CaixaBank and BBVA, is aiming for a launch in the second half of 2026. The project is led by Qivalis CEO Jan Sell and plans to back reserves with bank deposits and short-term euro zone government bonds.
