On April 8, UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, and BCV launched a joint CHF stablecoin sandbox with Swiss Stablecoin AG. On April 9, ClearBank Europe became the first Dutch credit institution to secure MiCA approval as a crypto asset service provider, going live with EURC and USDC through Circle Mint and Taurus-PROTECT. Also, twelve of European banks, including BNP Paribas, ING, BBVA, and UniCredit, have signed their names to a joint venture called Qivalis, targeting a euro-pegged stablecoin by H2 2026. Meanwhile, the ECB released Appia’s official roadmap for tokenisation in March.
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European banks are building their stablecoin stack
On April 8, UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, and BCV launched a joint CHF stablecoin sandbox with Swiss Stablecoin AG. On April 9, ClearBank Europe became the first Dutch credit institution to secure MiCA approval as a CASP.
