# The consortium now has 37 financial institutions as members, including ING, BNP Paribas and BBVA.

*fintech · news · 2026-05-20 · Devdiscourse*

## Key points

- Twenty-five more banks, including ABN Amro and Sabadell, joined the Qivalis euro stablecoin project.
- Qivalis now includes 37 financial institutions from 15 countries aiming to launch a euro-pegged cryptocurrency.
- The project is framed as a response to U.S. dominance in digital payments and tokenized assets.
- Existing euro-pegged stablecoins like Societe Generale's have seen limited adoption with 105.6 million euros issued.

**Companies:** ING, BNP Paribas, ABN Amro, Sabadell, BBVA, Rabobank, Bankinter, Bank of Ireland, Handelsbanken, Nordea
**Countries:** Netherlands, Spain, Ireland, Sweden, Finland

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/technology/3915451-rpt-euro-stablecoin-project-adds-25-new-banks)

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