Qivalis in talks with crypto exchanges so its euro token trades from day one; reserves at least 40% bank deposits

Qivalis/Qivalis euro stablecoin

The bank consortium behind Qivalis began talks with crypto trading venues so the token is liquid at launch. It also set out the reserve plan: 1:1 backing, with at least 40% in deposits at several banks and the rest in short, high-quality euro-area government bonds.

• Spanish exchange Bit2Me confirmed talks with one consortium bank.
• Redemption is to be available 24/7.
• Twelve banks were in the consortium at the time.