According to FT, the euro stablecoin project Qivalis, headquartered in Amsterdam, Netherlands, has gained support from 37 European banks, including BNP Paribas, ING, UniCredit, ABN AMRO, Intesa Sanpaolo, and Rabobank. The report states that the project aims to promote euro stablecoin adoption and address the dominance of USD stablecoins in the crypto market. Currently, out of the approximately $320 billion stablecoin circulation globally, the vast majority is denominated in USD. https://(wublock123.com)/news/qivalis-euro-stablecoin-backed-by-37-european-banks-61384