European Banking Giants Unite: BBVA Joins 12-Member Consortium to Launch Euro Stablecoin, Taking Aim at Tether's Throne
Spain's BBVA has joined the Qivalis consortium, a coalition of twelve major European banks building a euro-denominated stablecoin. The move signals a coordinated push by traditional finance to reclaim ground in the digital currency arena, currently dominated by U.S. issuers, under the new regulatory framework of MiCA.