Qivalis announced that its European Banking Alliance has expanded to 37 members, adding 25 banks, and plans to launch a euro stablecoin in the second half of 2026. The newly added members come from 15 countries, including ABN AMRO, Rabobank, Nordea, Intesa Sanpaolo, and others. Spanish banks such as Abanca, Banco Sabadell, Bankinter, Cecabank, and Kutxabank have joined. The alliance is building digital payment infrastructure around European regulatory standards and is offering a regulated US dollar alternative stablecoin solution.

CoinNetwork

2026-05-20 11:10:59

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CryptoWorld News reports that Qivalis has announced that its European banking alliance has expanded to 37 institutions, with 25 new banks joining, and plans to launch a euro stablecoin in the second half of 2026. According to the announcement on May 20, the new members of the Amsterdam-based alliance come from 15 countries, including major banks such as ABN AMRO, Rabobank, Nordea, and Intesa Sanpaolo. European financial institutions continue to build a regulated alternative to USD-backed stablecoins. Spain accounts for the largest share among the new members, with Abanca, Banco Sabadell, Bankinter, Cecabank, and Kutxabank joining the alliance, further increasing the country's presence in the group. Howard Davies, Chairman of Qivalis, stated that the alliance is building digital payment infrastructure around European regulatory standards rather than relying on foreign-issued alternatives.

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GateUser-ad8b77bd

· 4h ago

Bankinter has all joined in; the traditional financial circle in Spain is serious this time.

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AuroraSnowyWildernessSolitary

· 4h ago

Alliance mode handles payment infrastructure, which is much more stable than going solo; it all depends on how liquidity is built up.

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BridgeHopRanger

· 4h ago

The term "alternative to the US dollar" is quite interesting; Europeans have finally figured it out.

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NeonStreetReflections

· 5h ago

The entry of Nordea, this Nordic giant, indicates that it's not a small-scale operation.

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Stop-LossInTheEveningGlow

· 5h ago

Those local banks in Spain are keeping a close eye, Cecabank has even arrived.

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GateUser-4c2c8c4b

· 5h ago

Fifteen national bank alliances are working on stablecoins; they've pretty much figured out the regulatory compliance aspect.

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Qivalis expands to 37 banks, joins the Euro stablecoin alliance

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