Qivalis expands euro stablecoin consortium to 37 banks
The Block
Qivalis has added 25 new banks to its consortium, bringing the total to 37, as it develops a regulated euro-denominated stablecoin.Summary
Qivalis has expanded its consortium for a planned euro-denominated stablecoin to 37 European banks, adding 25 new lenders including ABN Amro and Intesa Sanpaolo. The initiative seeks to build a regulated onchain euro settlement network to reduce dependency on dollar-pegged stablecoins. Based in Amsterdam, the consortium is currently seeking authorization from the Dutch central bank to operate as an electronic money institution and aims to launch following regulatory approval in the second half of 2026.
(Source：The Block)