BBVA Euro Stablecoin Qivalis Consortium Expands to 12 Member Banks

Impact of the BBVA Euro Stablecoin Qivalis on European Payments

Big news came to the banking world today. Spain’s second-largest bank, BBVA, has joined a special group. This group is called the BBVA Euro Stablecoin Qivalis consortium. BBVA is now the twelfth bank to sign up. They are all working together to build a new kind of digital money. This money is a "stablecoin" tied to the euro. The group wants to make payments faster for everyone. They also want to make them safer and much cheaper.

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Why Europe Needs This New Digital Coin

Right now, most digital coins use the US Dollar. Coins like USDT and USDC are very popular. However, Europe wants its own version. The BBVA Euro Stablecoin Qivalis is that version. It is built for the European market. By using this coin, banks can move money in real time. They do not have to wait for days to clear a check.

The group of banks is very strong. It includes names like BNP Paribas, ING, and UniCredit. Now that BBVA is a member, the group is even larger. The Spanish banking giant manages over $800 billion in assets. This helps the project a lot. It means more people and businesses can use the new coin once it launches in 2026.

How the BBVA Euro Stablecoin Qivalis Works for You

You might wonder how this helps a normal person. Think about a small business owner. If they sell goods to a shop in another country, getting paid can be slow. It often takes three to five days. With the bank Euro Stablecoin Qivalis, that payment can happen in seconds. The capital moves on a digital chain. This chain is open all day, every day. It never closes for weekends or bank holidays.

This coin is also very safe. It follows the new European laws known as MiCA. These laws make sure that digital assets are secure. The project is based in Amsterdam. It is currently waiting for a license from the Dutch central bank. This means the money is backed by real assets. It is not a risky "crypto" bet. It is more like a digital version of the cash in your wallet.

Working Together for Better Banking

Alicia Pertusa works at BBVA in Spain. She says that banks must work together. This is the only way to create a common standard for money. When all banks use the same system, everything is easier. The bank Euro Stablecoin Qivalis will be part of the regular banking apps you already use. You will not need to learn a new app. You will see your digital euros right next to your regular savings.

The Road to 2026 and Beyond

The banks plan to launch the project in the second half of 2026. Until then, they are testing the system. They want to make sure it is perfect. They are focusing on "tokenized" assets. This means things like stocks and bonds could also move on this system.

In the future, the BBVA Euro Stablecoin Qivalis could be the main way we pay for things online. It is a bold step. It shows that Europe is ready for the digital age. By 2026, we might look back and see this as the start of a new era in money.

Your Money Your Life (YMYL) Disclaimer: This article is for news only. It is not financial advice. Always talk to a professional before making big money choices.