TechFlow News, May 20: According to the Financial Times, Amsterdam-based Qivalis has secured support from 37 European banks—including BNP Paribas, ING, and UniCredit—for its yet-to-launch euro-pegged stablecoin, making it the single euro stablecoin project with the largest number of supporters in Europe to date. Newly added supporters include ABN AMRO, Intesa Sanpaolo, and Rabobank.
Qivalis has applied to the Dutch Central Bank for a license, aiming for approval in the second half of this year, and plans to complete operational readiness upon license issuance.
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