European Banks Launch Qivalis to Issue Euro-Pegged Stablecoin

The association of 10 European banks has made a firm known as Qivalis to roll out a euro-pegged stablecoin, as per an announcement from the group. This step focuses on offering an alternative to U.S. dollar-denominated digital payment systems.  The participating banks comprise BNP Paribas, ING, UniCredit, Banca Sella, KBC,