Stablecoin infrastructure: What banks actually need to build in 2026

The GENIUS Act entered into force on July 18, 2025, while MiCA requires stablecoin issuers to obtain authorization by July 1, 2026. Those who fail to do so will lose access to the EU market. Twelve European banks, including BBVA, have formed the QiValis consortium to jointly launch a regulated euro-pegged stablecoin in the second […]


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