Qivalis Adds 25 Banks to Euro Stablecoin Project
Twenty-five additional banks including ABN Amro and Sabadell have joined the Qivalis consortium to launch a euro-pegged cryptocurrency later this year. The group now includes 37 financial institutions aiming to counter U.S. dominance in digital payments and prepare for blockchain-based asset trading.
Xurve View
Insights:
Xurve View
Twenty-five banks joined the Qivalis consortium on the following day afternoon to launch a euro-pegged stablecoin later this year, bringing total membership to 37 institutions. New members include BANCO DE SABADELL SA and lenders from the Netherlands and Spain. The project aims to challenge U.S. digital payment dominance while preparing for blockchain-based bond and real estate trading.
