BNP Paribas Joins EU Bank Stablecoin Venture Helmed by Ex-Coinbase Germany Exec

BNP Paribas, France's largest bank by assets, said on Tuesday it is joining nine other European banks in a joint venture focused on issuing a stablecoin as traditional financial firms chase the fast-growing digital asset class. The bank joins an Amsterdam-based initiative named Qivalis that is backed by lenders including ING, UniCredit and CaixaBank. The group has applied for an electronic money license from the Dutch Central Bank and plans to roll out the stablecoin in the second half of 2026, according ...