Spanish Lender BBVA Joins EU Banks' Stablecoin Venture to Challenge Digital Dollars

Spanish lender BBVA joins EU banks' stablecoin venture to challenge digital dollars

BBVA joins 12-bank group challenging USD stablecoin dominance with EUR alternative

BBVA, Spain’s second-largest bank has just become a part of Qivalis, a consortium of major European banks developing a regulated euro-pegged stablecoin. This makes BBVA the consortium’s 12th member.  The aim is to enable faster and cheaper payments, as well as the settlement of digital assets within a regulated environment backed by all the safeguards that a European bank can offer.  The commercial launch is scheduled to take place in the second…

Latest Spanish lender BBVA joins EU banks' stablecoin venture to challenge digital dollars in Cryptocurrency

Cryptocurrency The $800 billion-asset bank is the 12th to join Amsterdam-based Qivalis, which aims to introduce a euro-pegged token this year. Feb 4, 2026, 3:45 p.m. BBVA, Spain’s second-largest bank by assets, said it joined Qivalis, a group of lenders aiming to introduce a regulated euro stablecoin and challenge the dominance of digital dollars. Adding BBVA, which has $800 billion of assets, the group now includes a dozen major European Union …

Spanish banking giant BBVA joins Qivalis consortium to issue European stablecoin

BBVA's involvement in the consortium could enhance Europe's financial independence and innovation, challenging US dominance in stablecoins. The post Spanish banking giant BBVA joins Qivalis consortium to issue European stablecoin appeared first on Crypto Briefing.

BBVA’s Move Signals Europe’s Stablecoin Race Has Entered Its Institutional Phase More Stories ETHNews

What changes with BBVA’s entry is not the concept of a euro stablecoin, but the level of balance-sheet commitment now standing behind it. When the Spanish lender joined the Amsterdam-based Qivalis consortium on February 4, the project crossed from exploratory coordination into competitive execution. By becoming the 12th member of the joint venture, BBVA brings roughly $800 billion in assets into a structure explicitly designed to challenge the d…