European bank consortium Qivalis gets Dutch license to issue euro stablecoin

Qivalis, a consortium of major European banks including CaixaBank and BBVA, has received authorization from the Central Bank of the Netherlands to operate as an electronic money entity, enabling it to issue euro-denominated stablecoins. This marks a significant step for traditional banks entering the digital currency space, potentially challenging existing stablecoin issuers. The move signals growing institutional adoption of blockchain-based payments within the regulated financial system.