TechFlow News: On February 4, according to CoinDesk, BBVA—the second-largest bank in Spain with $800 billion in assets—announced its membership in the Qivalis stablecoin consortium. The consortium now comprises 12 major EU banks, including BNP Paribas, ING Group, and UniCredit. Qivalis plans to launch a regulated euro-denominated stablecoin in the second half of 2026, aiming to challenge the current $30 billion market dominated by U.S. dollar–pegged stablecoins. The project is seeking authorization from the Dutch Central Bank and will comply with the EU’s Markets in Crypto-Assets (MiCA) regulatory framework.
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