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The Euro stablecoin project Qivalis has received support from 37 banks.

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ME News reports that on May 20 (UTC+8), Qivalis, headquartered in Amsterdam, has secured support from 37 European banks, including BNP Paribas, ING Group, and UniCredit, for its yet-to-be-launched stablecoin, with the newly added 25 banks including ING Bank, Intesa Sanpaolo, and Rabobank. As executives and policymakers become increasingly concerned about the consequences of the dollar's dominance in the crypto market, the support garnered by this single euro stablecoin project makes it the stablecoin project with the largest number of supporters in Europe. Qivalis has applied for a license from the Dutch central bank, hoping to obtain it in the second half of this year, and is striving to be operationally ready when the license is granted. (Source: PANews)
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