Overview
- Sabadell said it will join Qivalis to help issue a euro‑pegged stablecoin, with CEO César González-Bueno calling the project a way to make transactions more efficient and secure.
- Bankinter said it is in talks with the consortium and plans an update in early summer, and sources say Abanca, Kutxabank and Cecabank are also weighing participation.
- Qivalis already includes major lenders such as ING, UniCredit, BNP Paribas, CaixaBank and BBVA, anchoring the effort in Europe’s mainstream banking sector.
- The consortium targets a launch in the second half of 2026 under the EU’s MiCA rulebook, and CaixaBank says the group is seeking Electronic Money Institution authorization from the Dutch central bank.
- Backers say a regulated euro token could speed payments and settlement and cut reliance on dollar stablecoins, which still command nearly all global volume and shape on-chain liquidity.