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European banks expand Qivalis consortium to challenge dollar dominance
May 6, 2026
< 1 min read
by Micah Abiodun
for CryptoPolitan
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Banco Sabadell announced on Tuesday it will join Qivalis, a European banking consortium developing a regulated euro‑pegged stablecoin, according to outgoing CEO César Gonzalez‑Bueno. Bankinter is in advanced talks and Spanish banks Abanca, Kutxabank and Cecabank are expected to follow, marking notable bank-led adoption and potential institutional on‑ramps for crypto. The initiative points to a regulatory‑aligned token launch that could increase euro stablecoin liquidity for DeFi, CEX/DEX use and payments, though technical timeline and issuance details remain undisclosed.
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In a Tuesday press conference, Spain’s Banco Sabadell announced that it will join Qivalis, the European banking consortium developing a regulated euro-pegged stablecoin. The release comes from outgoing CEO Cesar Gonzalez-Bueno. Bankinter is also in advanced talks to follow, alongside unlisted Spanish institutions Abanca, Kutxabank, and Cecabank. “It is primarily designed to make transactions more...
