Qivalis Euro Stablecoin Project Gains Support from 37 European Banks and Has Applied for a License with the Dutch Central Bank

According to the Financial Times, Amsterdam-based company Qivalis has secured support from 37 European banks—including BNP Paribas, ING, and UniCredit—for its yet-to-launch euro-pegged stablecoin, making it the single euro stablecoin project with the largest number of European backers to date. Newly added supporters include ABN AMRO, Intesa Sanpaolo, and Rabobank. Qivalis has applied for a license from the Dutch Central Bank (De Nederlandsche Bank), aiming for approval in the second half of this year, and plans to complete operational readiness upon license issuance.