The Amsterdam-based euro stablecoin project Qivalis has secured support from 37 European banks, including major institutions such as BNP Paribas, ING, UniCredit, ABN AMRO, Intesa Sanpaolo, and Rabobank. The initiative aims to promote the adoption of euro-denominated stablecoins and challenge the dominance of dollar-pegged stablecoins in the cryptocurrency market. Currently, the global stablecoin circulation is approximately $320 billion, with the vast majority denominated in U.S. dollars.
Qivalis Euro Stablecoin Gains Backing from 37 European Banks
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