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BBVA Joins European Consortium to Launch Regulated EUR Stablecoin Challenging USD Dominance

BBVA Joins European Consortium to Launch Regulated EUR Stablecoin Challenging USD Dominance

Author:

Global Cryptocurrency

Published:

2026-02-04 23:33:01

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BTCCSquare news:

BBVA, Spain's second-largest bank, has joined Qivalis, a consortium of 12 major European banks developing a euro-pegged stablecoin. The initiative aims to provide faster, cheaper payments and digital asset settlements within a regulated framework compliant with MiCA standards.

The Amsterdam-based joint venture plans a commercial launch in late 2026 after completing technical and regulatory milestones. Alicia Pertusa of BBVA CIB emphasizes collaboration as key to establishing common standards for blockchain-based banking innovation.

This marks Europe's most coordinated effort yet to counter USD-dominated stablecoin markets, leveraging shared infrastructure from established financial institutions rather than private crypto issuers.

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