Qivalis Adds 37 Banks Ahead of Euro Stablecoin Launch
If regulated euro stablecoins gain traction in trade finance, businesses could move collateral across borders in minutes instead of waiting days.
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If regulated euro stablecoins gain traction in trade finance, businesses could move collateral across borders in minutes instead of waiting days.
The 37-bank consortium must close a roughly 450-to-1 liquidity gap versus USDT and USDC by the time tokenized EU assets pick a settlement default — and that window closes the moment European bond and…
BNP Paribas, ING and UniCredit are among the founding members of an Amsterdam-based issuance consortium betting that a bank-issued euro stablecoin can take share from the $320B USD-led market.
The membership roster — ABN Amro, Intesa Sanpaolo, Rabobank, Spuerkeess alongside the original BNP Paribas and ING founders — is the structural story: a bank-led euro onchain settlement rail, not…