XRP Could Be the Hidden Bridge Asset Behind Europe’s New Bank Stablecoin

Ripple has put fresh attention on Europe’s rapidly growing euro stablecoin market as Qivalis, a consortium backed by 37 European banks, moves closer to launching its regulated euro-denominated token. Qivalis received authorization from De Nederlandsche Bank as an electronic money institution in October, clearing a major regulatory hurdle. The consortium now spans 37 banks across 15 European countries, with its planned stablecoin set to be fully backed 1:1 by the euro. For XRP holders , however, the more interesting question is what happens after the stablecoin launches.