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European banks led by BNP, ING push ahead on euro stablecoin plan
A group of 10 European banks, including ING, UniCredit and BNP Paribas, have formed a company to launch a euro-pegged stablecoin in the second half of 2026, in a move they hope will counter U.S. dominance in digital payments. The CEO of the Amsterdam-based company, named Qivalis, will be Jan-Oliver Sell, who was previously the CEO of crypto exchange Coinbase's German business, and has also worked for Binance. Former NatWest chair Howard Davies will be chair, the group said at a press conference in Amsterdam on Tuesday. The new company, which will have headquarters in Amsterdam, plans to hire 45 to 50 people in the ... (full story)
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