A 12-bank European consortium led by Qivalis is partnering with Fireblocks to develop a regulated euro stablecoin under MiCA, targeting launch in the second half of 2026.

The Japanese Securities Clearing Corporation will test using Japanese government bonds as digital collateral on the Canton network with Mizuho, Nomura and Digital Asset.

BIS general manager Pablo Hernández de Cos said US dollar stablecoins may pose risks to financial stability and urges stronger global coordination on regulation.