Ripple Highlights Custody Services as 37 Banks Prepare Euro Stablecoin
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Ripple on Nov. 9 positioned its custody, governance and banking-integration services around Qivalis’ planned euro stablecoin, which is being prepared by a 37-bank consortium that includes its clients BBVA and DZ BANK. The company framed custody and governance controls as prerequisites for the banks ahead of the token’s launch. The article did not disclose the stablecoin’s ticker, target launch date, or any token price, TVL, volume, market cap or funding figures. The endorsement matters because it ties Ripple’s institutional custody business to a large European bank-backed stablecoin project rather than to XRP itself. What to watch next is whether Qivalis confirms a launch timeline and whether more consortium members adopt Ripple’s custody stack.
Muhabbit's AI wrote this summary in its own words from Bitcoin.com News's report. It can get details wrong, so check the source.
Named in this story
Ripple (XRP), Qivalis, euro stablecoin, DZ BANK, BBVA
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