European Stablecoin Project Qivalis Triples Bank Membership to 37, Including National Bank of Greece
NBGRY sits 46% above its 52-week low of $10.9.
Summary
The Qivalis project, a consortium of European banks developing a Euro-denominated stablecoin, has significantly expanded its membership to 37 financial institutions, tripling its size with 25 new lenders, including the National Bank of Greece (NBGRY). This expansion signals a strong push by European banks into blockchain finance and the creation of a Euro-based stablecoin, aiming to strengthen the European currency's role in digital payments and tokenized finance. For NBGRY, joining this growing consortium represents a strategic move into a potentially massive market, with S&P Global (SPGI) forecasting the European stablecoin market could reach 1.1 trillion euros by 2030. This positions NBGRY at the forefront of digital asset innovation in the EU. Investors should watch for the planned debut of the Qivalis stablecoin in the second half of this year under the EU's MiCA framework.
At the time of this announcement, NBGRY was trading at $15.89 on OTC in the Finance sector, with a market capitalization of approximately $14.4B. The 52-week trading range was $10.90 to $19.70. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: CryptoProwl.