# The consortium now counts 37 financial institutions as members, including ING, BNP Paribas, and BBVA, spanning 15 countries.

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

## Key points

- Twenty-five additional European banks have joined the Qivalis euro-pegged cryptocurrency consortium.
- Qivalis now comprises 37 financial institutions across 15 countries, including ABN Amro, Sabadell, and Nordea.
- The consortium's goal is to create an on-chain euro infrastructure built and governed by European institutions.
- Despite growing stablecoin usage, current euro-pegged stablecoins show minimal demand compared to dollar-pegged rivals.

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

[Read the full story on MarketScreener](https://www.marketscreener.com/news/euro-stablecoin-project-adds-25-new-banks-ce7f5ad9db8af126)

---

Canonical: https://newsio.io/n/c0abfb9a-b9c3-4f65-b630-fb112f44a7a8/the-consortium-now-counts-37-financial-institutions-as-members-including-ing-bnp
Summarized by Newsio from MarketScreener. https://newsio.io/how-it-works