ChainCatcher News, Spain’s second-largest bank BBVA announces its participation in Qivalis, becoming the 12th member bank of this Amsterdam-based stablecoin project.
Qivalis aims to launch a regulated euro-pegged stablecoin, providing digital euro payment and settlement options for the EU market, while challenging the dominance of the US dollar stablecoin. Current members include major EU banks such as BNP Paribas, ING, and UniCredit. The goal is to issue stablecoins through the banking network, offering businesses and consumers a payment channel that does not rely on third parties outside of blockchain or traditional financial systems. Currently, the global stablecoin market is approximately $300 billion, with only $860 million linked to a single euro. The US dollar stablecoins still dominate: Tether’s USDT market cap is about $185 billion, and Circle Internet’s USDC market cap is about $70 billion.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Cambodia passes its first anti–tech scam law, strengthening law enforcement regulations to combat online telecom fraud
Cambodia’s National Assembly passed the “Anti-Technology Fraud Law” at the end of March, aiming to crack down on online scams and human trafficking. The law establishes dedicated offenses, with severe penalties and life imprisonment. The new law expands the scope of law enforcement, targeting acts such as “pig butchering” scams, and responds to international pressure to repair its image. The government has pledged to shut down illegal scam centers by the end of April.
ChainNewsAbmedia04-03 18:25
Ledger phishing email scam steals 600,000 USDT, and U.S. federal prosecutors recover all funds
An American court ruled to forfeit more than $600,000 in USDT, stemming from a physical letter phishing scam targeting Ledger users. After receiving the disguised letter, the victims leaked their seed phrases, and their funds were stolen. The scammers tried to conceal the funds through multiple transfers and conversion methods, but the transparency of the blockchain helped the police track the path of the fund movements. They then successfully recovered the funds through a civil forfeiture proceeding.
MarketWhisper04-03 03:02
US Attorney Connecticut Forfeits $600,000 in Tether Linked to Ledger Phishing Letter
Federal prosecutors in Connecticut recovered more than $600,000 in tether ( USDT) after tracing stolen cryptocurrency from a phishing scam that used a physical letter to deceive a hardware wallet user.
Connecticut Crypto Phishing Victim to Recover Funds
Local media reported that the U.S.
Coinpedia04-03 01:34
Tether Pursues Fundraising at $500 Billion Valuation
Gate News message, according to Bloomberg, Tether is making a final push for fundraising at a $500 billion valuation. The stablecoin issuer is working to complete this funding round at the specified valuation level.
GateNews04-02 22:13
Tether’s USAT Expands to Celo in First Move Beyond Ethereum Mainnet
Tether is launching its U.S.-backed stablecoin, USAT, on Celo, marking its first move beyond the Ethereum mainnet. This shift aims to integrate USAT into a payments-focused environment, enhancing accessibility and usability in onchain transactions.
CryptoNewsFlash04-02 17:25
