Euro-denominated stablecoins have seen significant growth, reaching approximately €450 million in January 2026, compared to €50 million two years prior. According to NS3.AI, dollar-denominated stablecoins were valued at around $300 billion during the same timeframe. Qivalis is planning to launch in the second half of 2026. Meanwhile, the European Central Bank (ECB) has indicated that the first issuance of a digital euro could be ready by 2029, contingent on lawmakers adopting the necessary regulations in 2026.