Sabadell joins Qivalis euro stablecoin consortium

Sabadell (BME:SABE) announced it will join the Qivalis consortium to launch a euro‑pegged stablecoin in H2 2026.
The consortium already includes ING, UniCredit, BNP Paribas, Caixabank and BBVA, aiming to counter U.S. dominance in digital payments.
Outgoing CEO Cesar Gonzalez‑Bueno said the project will make transactions more efficient and secure for European users.
Stablecoins have grown sharply in recent years, prompting banks to explore regulated euro‑pegged alternatives.