stable coins
By Jean-Luc Maracon
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Lagarde skeptical, yet banks move forward. Lagarde's position is well-known. Concerns about financial stability, questions about regulation —…
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37 institutions, but what concrete steps?. The source does not specify the operational details of the project — no launch date, no clear…
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Twenty-five additional banks. That's what the qivalis project, an euro-backed stablecoin that's been making waves in European banking circles for months, has just gained.
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Among the newcomers are familiar names: Rabobank from the Netherlands, Bankinter from Spain, Handelsbanken from Sweden, and Nordea from Finland.
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Lagarde's position is well-known. Concerns about financial stability, questions about regulation — it's the classic central bank discourse when faced with private digital…
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And that's where it gets complicated. On one side, a project that's growing quickly, with serious names involved. On the other, an ECB president who publicly says it worries her.
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The euro stablecoin market has long lagged behind dollar stablecoins. USDT and USDC have dominated global volumes for years, and euro-denominated alternatives have never really…
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The source does not specify the operational details of the project — no launch date, no clear technical structure, no information on who governs qivalis or how the reserves will…
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Read also: Qivalis brings 37 banks into euro stablecoin push across 15 countries
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So 37 banks, yes. But 37 banks doing what exactly? Investing? Technically validating? Committing to distribute the stablecoin to their clients? It's unclear.
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What is certain is that the momentum exists. Rabobank is not a marginal regional bank — it's a major player in the Netherlands with an international presence.
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Bankinter and Handelsbanken also bring useful geographic diversity — Spain and Sweden, two markets with quite different payment behaviors.
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But European regulators will be watching. The MiCA regulation, now in effect in Europe, regulates stablecoins much more strictly than before.
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Read also: Bitcoin Slides Below $78K as Bulls Fight to Hold $76,000 Support
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See also: Spot Bitcoin ETF inflows drive institutional positioning amid steady prices
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