stable coins

Story: 37 Banks Back Qivalis Euro Stablecoin Push Ahead of Madrid Summit

By Jean-Luc Maracon

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Qivalis, MiCA, and the Euro Stablecoin Race. Stablecoins pegged to traditional currencies have been reshaping cross-border payments for years…

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MERGE Madrid 2026: Who's Coming and Why It Matters. MERGE Madrid runs October 27 through 29. The venues are the Madrid Stock Exchange and the Palacio…

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Europe's Bigger Bet on Digital Finance. The stakes here go beyond any single stablecoin project. Europe has watched U.S.

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Europe's banks aren't waiting around. A 37-institution consortium called Qivalis is pushing hard to launch a euro-denominated stablecoin under the MiCA regulatory framework, and…

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Qivalis counts BBVA, BNP Paribas, and Raiffeisen Bank among its members. That's not a small group of fintech startups experimenting on the margins — these are core pillars of…

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The specific mechanics of how the stablecoin will work, who will custody reserves, and what the rollout timeline looks like haven't been disclosed. Unclear still.

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Beyond Qivalis itself, the broader cast of institutions involved in shaping this conversation is wide.

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MERGE Madrid runs October 27 through 29. The venues are the Madrid Stock Exchange and the Palacio de Cibeles — not exactly a startup garage.

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The event kicks off October 27 with an exclusive Institutional Summit — a closed, high-level session designed for banks, regulators, and major corporations to hash out strategic…

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See also: Circle Buys Nearly 1,000 IBM Blockchain Patents in Major IP Deal

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Paula Pascual, founder of MERGE, has been vocal about why the event matters right now. She sees it as a place where leaders from across sectors can sit down and work through how…

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Asset tokenization is also on the agenda, and it's probably the sleeper topic of the whole conference.

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The presence of Visa and Mastercard alongside crypto firms like Ripple and Circle is worth watching.

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The stakes here go beyond any single stablecoin project. Europe has watched U.S. dollar stablecoins like USDC and USDT become the de facto settlement layer for a huge chunk of…

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Qivalis is the most concrete attempt yet to walk that path. Thirty-seven banks is a serious coalition.

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