Ripple: 37 Banks Back Qivalis Euro Stablecoin
Ripple reported that 37 European banks back Qivalis euro stablecoin with DZ BANK and BBVA advancing custody setups through Ripple Custody infrastructure.
SourceAnalysis
Ripple stated that 37 European banks now back Qivalis euro stablecoin. DZ BANK and BBVA are preparing custody operations via Ripple Custody. The move positions Ripple as the provider of stablecoin-powered cross-border payments and digital asset custody for institutions scaling euro-denominated reserves.
Ripple
@RippleAs the official account of Ripple, the company focuses on transforming global payments through its enterprise blockchain solutions and digital asset XRP. It shares updates on institutional adoption, regulatory engagements, and technology developments in cross-border finance and central bank digital currencies (CBDCs).