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Qivalis Adds More Banks To Stablecoin Project

Qivalis adds more banking groups to its Euro-based stablecoin consortium as pressure rises for Europe to compete.

European banks jump on Qivalis consortium (Antoine Schibler / Unsplash)

European banks jump on Qivalis consortium (Antoine Schibler / Unsplash)

Qivalis sees more banks join the consortium.

More banking groups are expected to join the Qivalis Euro stablecoin consortium as momentum grows for a Euro stablecoin market. There are about 25 new member participants and a total of 37 all looking to benefit in the long-term from stablecoin exposure.

Banks such as Bank of Ireland, ABANCA, Erste Group, National Bank of Greece, Swedbank, Rabobank, Cecabank, and many others are officially going to become participants of the Qivalis platform.

A few weeks ago, several banks just from Spain alone were added to the consortium to progress EU’s prospects on becoming a competitive market for stablecoin and digital asset initiatives.

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