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Qivalis, Eur-Bank, and More: Europe's Challenge to US Stablecoins
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Qivalis, Eur-Bank, and More: Europe's Challenge to US Stablecoins
Intesa Sanpaolo and BPER also join the European consortium for a euro-pegged stablecoin, which now includes 37 banks. From Bancomat's digital currency to the Italian-German plan to combat "digital dollarization," here's what's happening in the EU amid monetary sovereignty, blockchain, and ECB concerns.
The European banking sector is coming together to create a digital alternative to the US dollar: more than three dozen credit institutions have lined up behind a joint euro stablecoin project, developed by Amsterdam-based Qivalis. Such institutional cooperation has never been behind a similar initiative in Europe.
·Budapest, Hungary
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