Ripple News: Euro Stablecoins Hit €450M as Ripple Points to a New Push From 37 Banks

Ripple news focused on European banking infrastructure on Nov. 9 as the company highlighted existing custody partnerships. BBVA and DZ BANK already use Ripple Custody while their 37-member banking consortium prepares a euro stablecoin. The consortium, Qivalis, secured Dutch regulatory authorization in October. However, the token has not launched, and member banks still face separate custody decisions. Qivalis received authorization from De Nederlandsche Bank (DNB) to operate as an electronic money institution. The Dutch regulator’s register lists Oct. 13 as the authorization’s effective date. Qivalis publicly announced the approval the following day.