{"id":71176,"date":"2026-02-06T07:01:32","date_gmt":"2026-02-06T07:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=71176"},"modified":"2026-02-06T07:01:32","modified_gmt":"2026-02-06T07:01:32","slug":"spains-bbva-latest-to-join-bank-consortium-launching-euro-stablecoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=71176","title":{"rendered":"Spain\u2019s BBVA Latest To Join Bank Consortium Launching Euro Stablecoin"},"content":{"rendered":"
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BBVA is the latest entrant to the European bank consortium gearing up to launch a euro-pegged stablecoin in the second half of 2026.<\/p>\n

BBVA Has Joined Banking Consortium Behind Qivalis<\/h2>\n

According to a website announcement<\/a>, BBVA has joined a consortium of eleven European financial institutions that have created a joint venture to launch a stablecoin tied to the euro. This consortium was first formed<\/a> in September 2025 with the goal behind it being the creation of a European alternative to the currently USD-dominated stablecoin market. Initially, it consisted of\u00a0nine banks: ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International.<\/p>\n

In the months that followed the consortium\u2019s inauguration, two more banks, BNP Paribas and DZ BANK, joined the fray. Now, it seems the group has gained a twelfth member with BBVA also signing up. Alicia Pertusa, head of partnerships & innovation at BBVA CIB, said:<\/p>\n

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Collaboration between banks is key to create common standards that support the evolution of the future banking model and deliver financial innovation to our clients in a consistent and practical way.<\/p>\n<\/blockquote>\n

BBVA, standing for Banco Bilbao Vizcaya Argentaria, is a Spanish multinational financial services institution that mainly operates in Europe and South America. It\u2019s Spain\u2019s second-largest bank in terms of assets.<\/p>\n

Previously, the bank has had involvement in projects related to digital assets, including a collaboration with SWIFT to develop a blockchain platform to serve as a shared digital registry for banks globally. With its entry into the consortium, BBVA is now also backing the euro stablecoin.<\/p>\n

The consortium has created a new company called Qivalis<\/a> to handle the issuance of the stablecoin. The firm is headquartered in Amsterdam and is currently waiting on approval from the Dutch Central Bank to operate as an electronic money institution.<\/p>\n

Jan-Oliver Sell, Qivalis CEO, noted:<\/p>\n

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Having BBVA join the banking consortium marks an important step forward. With their addition, our network now brings together twelve European banks committed to building a secure, MiCAR\u2011compliant euro stablecoin framework.<\/p>\n<\/blockquote>\n

Currently, Qivalis has slated the commercial launch of the euro-pegged stablecoin for the second half of this year, after the regulatory and technical hurdles are overcome.<\/p>\n

Stablecoins have been gaining momentum around the world lately, with positive legislation related to them occurring in many jurisdictions. So far, however, users have shown a continued preference for USD-based tokens. As CoinMarketCap<\/a>\u2018s\u00a0stablecoin leaderboard shows, there isn\u2019t a single non-USD coin inside the top ten.<\/p>\n

\"USD<\/p>\n

\u00a0<\/p>\n

The largest non-USD stablecoin is Circle<\/a>\u2018s EURC right now, but its market cap of $432 million is pretty small when compared to the USD stablecoins. For perspective, Circle\u2019s USD token, USDC, boasts a market cap of more than $70 billion.<\/p>\n

BTC Price<\/h2>\n

Bitcoin has continued to slide recently as its price has come down to the $69,400 level.<\/p>\n

\"Bitcoin<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

BBVA is the latest entrant to the European bank consortium gearing up to launch a euro-pegged stablecoin in the second half of 2026. BBVA Has Joined Banking Consortium Behind Qivalis According to a website announcement, BBVA has joined a consortium of eleven European financial institutions that have created a joint venture to launch a stablecoin […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-71176","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71176"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71176\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}