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The consortium now has 37 financial institutions as members, including ING, BNP Paribas and BBVA.
Twenty-five more banks, including ABN Amro and Sabadell, joined the Qivalis euro stablecoin project.
KEY POINTS
- 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
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