Crypto News
Euro stablecoins have grown from roughly €50 million to €450 million since early 2024, Ripple said. The company highlighted Qivalis, a consortium of 37 European banks authorized by De Nederlandsche Bank, as a potential force in the sector.
Why it matters
The growth points to increasing activity in euro-denominated stablecoins, which are designed to track the currency. Qivalis brings a group of European banks into focus as the market develops.
Market impact
Ripple put the broader stablecoin market at roughly $300 billion, leaving euro-denominated products a small fraction of the total. The figures describe stablecoin growth, not a price forecast for XRP.
Frequently asked questions
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How much has the euro stablecoin market grown?
Ripple said euro stablecoins grew from roughly €50 million to €450 million since early 2024.
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How many banks are in the Qivalis consortium?
Qivalis is a consortium of 37 European banks.
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Which authority authorized Qivalis?
De Nederlandsche Bank authorized the Qivalis consortium.
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How does the euro stablecoin market compare with the global sector?
Ripple put the euro stablecoin market at roughly €450 million and the broader stablecoin market at about $300 billion.
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Do the stablecoin figures provide an XRP price forecast?
No. The figures describe the growth of euro stablecoins, not a price forecast for XRP.
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