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Another 25 banks join euro stablecoin initiative Qivalis
May 20, 2026
< 1 min read
by Lubomir Tassev
for CryptoPolitan
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Qivalis, a joint venture of European banks planning a euro-backed stablecoin launch this year, added 25 new banking members to bring total participants to 37 across multiple EU nations. The expansion strengthens institutional backing and adoption prospects for the euro stablecoin, likely accelerating the token launch, liquidity for crypto and DeFi use cases and increasing competition in the stablecoin market while inviting regulatory scrutiny.
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The joint venture of European banks Qivalis, set to launch a euro-backed stablecoin this year, has added 25 new members. The financial institutions from a number of EU nations are bringing the total number of participants in the ambitious project to 37. Qivalis adds new members in major expansion Over two dozen banks have joined...
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