Jan-Oliver Sell has been named CEO of Qivalis, a euro-pegged stablecoin created by ten European banks including SEB, BNP Paribas, ING, and Danske Bank, which will be supervised by the Dutch central bank and comply with the new EU MiCA regulation.Sell emphasized that Qivalis seeks to offer monetary autonomy in the digital age, addressing the current dominance of US dollar stablecoins and concerns raised by the European Parliament about stablecoins' impact and consumer appeal compared to the digital euro.