ING joins Qivalis consortium to launch regulated euro stablecoin in 2026
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ING has joined the Qivalis consortium, which includes European banks, to develop a regulated euro stablecoin, targeting a launch in late 2026 pending regulatory approval. The stablecoin aims to facilitate wholesale transactions like cross-border payments and reduce dependence on US dollar stablecoins. The consortium has expanded from 12 to over 25 banks to enhance liquidity and adoption.
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