Spain’s BBVA Latest To Join Bank Consortium Launching Euro Stablecoin
BBVA has become the twelfth member of a European banking consortium that plans to launch a euro-pegged stablecoin in the second half of 2026. The consortium, which includes major banks like ING, BNP Paribas, and UniCredit, formed a joint venture called Qivalis to issue the stablecoin. Headquartered in Amsterdam, Qivalis is awaiting regulatory approval from the Dutch Central Bank. The initiative aims to create a MiCAR-compliant European alternative to the USD-dominated stablecoin market. Currently, no euro stablecoin ranks in the top ten by market cap, with USD-based tokens like USDT and USDC continuing to dominate.
bitcoinist02/06 07:52
