[Euro Stablecoin Project Qivalis Gains Support from 37 Banks] According to the Financial Times, Amsterdam-based company Qivalis has secured support from 37 European banks, including BNP Paribas, ING Group, and UniCredit Bank, for its yet-to-be-launched stablecoin. The newly added 25 banks include ING Bank, Intesa Sanpaolo, and Rabobank. As executives and policymakers grow increasingly concerned about the consequences of the U.S. dollar's dominance in the crypto market, the support garnered by this single euro stablecoin project makes it the most widely supported stablecoin project in Europe. Qivalis has applied for a license from the Dutch Central Bank, aiming to obtain approval in the second half of this year and striving to be operationally ready when the license is issued.