{"id":974,"date":"2026-04-11T03:50:25","date_gmt":"2026-04-11T03:50:25","guid":{"rendered":"https:\/\/www.europesays.com\/spain\/974\/"},"modified":"2026-04-11T03:50:25","modified_gmt":"2026-04-11T03:50:25","slug":"spanish-lender-bbva-joins-stablecoin-venture-of-eu-banks-to-challenge-digital-dollars","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/spain\/974\/","title":{"rendered":"Spanish lender BBVA joins stablecoin venture of EU banks to challenge digital dollars"},"content":{"rendered":"

BBVA, Spain’s second-largest bank<\/a> by assets, said<\/a> it joined Qivalis, a group of lenders aiming to introduce a regulated euro stablecoin and challenge the dominance of digital dollars.<\/p>\n

Adding BBVA, which has $800 billion of assets, the group now includes a dozen major European Union banks, including BNP Paribas, ING and UniCredit.<\/p>\n

The project’s goal is to create a token backed by a network of established banks, offering an alternative to crypto-native stablecoins, many of which are tied to the dollar and operated by companies based outside of the bloc. <\/p>\n

Of the $300 billion stablecoin market, only $860 million are tied to the single currency. Tether, based in El Salvador, dominates with its $185 billion USDT, followed by New York-based Circle Internet’s (CRCL) $70 billion USDC.<\/p>\n

A euro-pegged coin could allow EU businesses and consumers to make blockchain-based payments and settlements using euros, without relying on traditional financial rails or third-party providers outside the bloc.<\/p>\n

“Collaboration between banks is key to create common standards that support the evolution of the future banking model,” Alicia Pertusa, head of partnerships and innovation at BBVA CIB, said in a statement.<\/p>\n

BBVA’s involvement “reflects the increasing dedication of European banking institutions to jointly develop a European on-chain payment ecosystem based on the trust that banks provide,” said Jan-Oliver Sell, CEO of Qivalis and a former executive of Coinbase Germany. “This step consolidates Qivalis\u2019 standing as Europe’s foremost bank-supported stablecoin initiative.”<\/p>\n

Qivalis is currently pursuing authorization from the Dutch central bank to operate as an electronic money institution, a step required to issue stablecoins under the EU\u2019s digital asset regulatory framework dubbed MiCA.<\/p>\n

The project plans to debut the token in the second half of 2026.<\/p>\n

Read more: BNP Paribas Joins EU Bank Stablecoin Venture Helmed by Ex-Coinbase Germany Exec<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"BBVA, Spain’s second-largest bank by assets, said it joined Qivalis, a group of lenders aiming to introduce a…\n","protected":false},"author":2,"featured_media":975,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123],"tags":[148,333,837],"class_list":{"0":"post-974","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bbva","8":"tag-bbva","9":"tag-european-union","10":"tag-stablecoins"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=974"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/974\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/975"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}