Ripple News: Euro Stablecoins Hit €450M as Ripple Points to a New Push From 37 Banks

Key Insights Ripple news centers on Qivalis, where 37 banks await white-paper review before issuance. Euro stablecoins rose from €50M to €450M since 2024, against a $300B market. BBVA and DZ BANK use Ripple Custody, while Qivalis members still face separate custody decisions. Ripple news focused on European banking infrastructure on Nov. 9 as the company highlighted existing custody partnerships. BBVA and DZ BANK already use Ripple Custody while their 37-member banking consortium prepares a euro stablecoin. The consortium, Qivalis, secured Dutch regulatory authorization in October. However, the token has not launched, and member banks still face separate custody decisions. Ripple News: Qivalis Secures Approval for Euro Stablecoin Qivalis received authorization from De Nederlandsche Bank (DNB) to operate as an electronic money institution. The Dutch regulator’s register lists Oct.

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