In an interview with CoinDesk, the CEO of a the 12-member consortium why Europe is racing to put the euro onchain and compete with dollar dominance in crypto markets. European banks warn that without a deep, liquid euro stablecoin, financial activity on blockchains will default to dollar-based tokens, threatening Europe’s financial and digital sovereignty. Qivalis, a MiCA-regulated euro stablecoin backed by 12 major EU banks, aims to become the default euro token on public blockchains and is ta…
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