Sabadell, Bankinter join euro stablecoin consortium taking on dollar dominance

In a Tuesday press conference, Spain’s Banco Sabadell announced that it will join Qivalis, the European banking consortium developing a regulated euro-pegged stablecoin. The release comes from outgoing CEO Cesar Gonzalez-Bueno. Bankinter is also in advanced talks to follow, alongside unlisted Spanish institutions Abanca, Kutxabank, and Cecabank. “It is primarily designed to make transactions more...