Qivalis adds 37 banks to stablecoin consortium

Qivalis has significantly expanded its euro stablecoin consortium, bringing the total number of participating banks to 37. This expansion marks a substantial step forward in the development and adoption of stablecoin technology within the traditional banking sector. The initiative aims to foster greater integration of digital currencies and blockchain solutions into mainstream financial operations, potentially streamlining cross-border payments and enhancing transaction efficiency for a wider network of financial institutions. The growing consortium signals increasing institutional interest and commitment to exploring the utility of stablecoins.