Pan-European stablecoin effort expands to 37 lenders in push back against U.S. dollar dominance

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Qivalis, a stablecoin initiative backed by a group of European banks, aims to issue a stablecoin later this year to deepen the euro's role in tokenized finance.

source https://www.coindesk.com/business/2026/05/20/pan-european-stablecoin-effort-expands-to-37-lenders-in-push-back-against-u-s-dollar-dominance

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