finextra.com·May 20, 2026
Qivalis, the Euro stablecoin joint venture formed by European banks, has gained support from an additional 25 banks, increasing the total to 37 backing the initiative.
The expansion of Qivalis' backing to 37 European banks signals a strong institutional push towards a Euro stablecoin, highlighting its potential to become a significant player in the DeFi and digital banking space. For someone in fintech, this indicates a growing opportunity to explore partnerships or integrations with this stablecoin initiative, especially as regulatory landscapes and demand for stablecoin solutions in Europe evolve.