BBVA, Spain’s second-largest bank, joined the Qivalis consortium, bringing the European stablecoin project to twelve member banks. BBVA now sits alongside BNP Paribas, UniCredit, ING, CaixaBank, Raiffeisen Bank International, SEB, Danske Bank, KBC, Banca Sella, DekaBank, and DZ BANK in the Amsterdam-based venture. These institutions are building what they hope becomes a credible euro alternative to Tether and Circle‘s dominance. Those two US issuers control $256 billion in stablecoin market value, accord ...