10 European Banks Form Stablecoin Company qivalis

A coalition of ten major European banks has officially launched a new Amsterdam‑based company called qivalis to create a euro‑pegged stablecoin capable of countering the overwhelming dominance of US digital‑dollar systems. The consortium includes ING, UniCredit, BNP Paribas, Raiffeisen Bank International, SEB, Danske Bank, CaixaBank, KBC, Banca Sella, and DekaBank. Together, these firms intend to build a regulated European alternative as USD-focused tokens USDT and USDC capture a $261 billion market cap. ...