If the euro stablecoin really takes off, the rules of cross-border settlement will have to be rewritten.

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.