Ripple deletes Qivalis stablecoin post after Fireblocks partnership revealed

Ripple , a US-based blockchain technology company best known for its payments platform and its association with the XRP cryptocurrency, deleted a recent online post that suggested a connection to Qivalis, a newly formed consortium of 37 European banks preparing to issue a euro-backed stablecoin. The original post highlighted that two Qivalis members, BBVA and DZ BANK, are existing clients of Ripple’s cryptocurrency custody service. Ripple questioned whether other banks would follow in their footsteps when Qivalis launches its stablecoin, implying a relationship with the forthcoming project. WrathofKahneman, a widely followed crypto analyst on X (formerly Twitter), was quick to point out that Ripple had not announced any new partnerships, nor claimed any active role in the Qivalis stablecoin project.

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