The stablecoin 'Kivalis', in which 10 European banks participate, operates independently from the banks.

Source: TokenPost Original Title: Stablecoin 'Kivalis' Participating with 10 European Banks, Operates Independently from Banks Original Link: https://www.tokenpost.kr/news/blockchain/310694 The euro-based stablecoin project 'Qivalis(' sponsored by 10 major European banks is planned to operate 'independently' of the banks. This project, which is gaining attention as a digital currency led by the financial sector, is being assessed as experimenting with the possibility of a new private-sector CBDC model, separate from the trust of banks.

Kivalis currently involves 10 European banks, including BN Paribas, and has recently established a corporation in the Netherlands. The issuance of the stablecoin is scheduled for the second half of 2026, subject to the approval of the European financial regulatory authorities' license. However, this project is not simply a bank consortium issuance model. Kivalis's CEO ) CEO ( Jan-Oliver Sell ) emphasized in an interview, “We will collaborate with banks, but it will be a platform operated independently from them.”

Such 'operational independence' contrasts with existing bank-centered stability assurance measures. Instead, Kivalis proposes a strategy to position itself as a privately-led innovative euro stablecoin through transparent operations, regulatory compliance, and technology-based trust. The project's identity, positioned between a 'centralized bank issuance model' and a 'decentralized private issuance model', may also influence future discussions on the digital euro within the European Union.

Currently, Kibalis plans to utilize blockchain technology to secure the liquidity and regulatory transparency of stablecoins. Additionally, it is expected to expand real-use cases in the future, such as enterprise payments, cross-border remittances, and trade finance, positioning itself as a 'digital euro alternative currency.'

This project, which emphasizes both bank trustworthiness and private independence, is evaluated not as a central bank digital currency ( CBDC ), but rather as an experiment of a new form of stablecoin. As the digital asset regulatory framework within Europe accelerates, the market's attention is focused on the 'hybrid stablecoin' model proposed by Kivalis.

( market interpretation

It is a bank-led digital euro project, but it is experimenting with a new privately-driven digital currency model to secure operational independence. It may influence the regulation of stablecoins in Europe and the digital euro roadmap.

) strategy point

Collaboration with central banks and existing banks is essential, but clearly separating the management entities to achieve both trust and innovation is the key strategy. The future expansion of actual use is expected to be a turning point for success.

Terminology

Stablecoin: A cryptocurrency that maintains a fixed value to fiat currency, gaining attention for its price stability and use as a payment method.

CBDC: A digital currency directly issued by a central bank. It is different from private sector stablecoins.

Hybrid Model: A structure that combines the characteristics of both the private and public sectors, integrating the advantages of centralization and decentralization.