Techub News reports that Spain's second-largest bank, BBVA, has announced its participation in the stablecoin project Qivalis, which is composed of multiple EU banks and aims to launch a regulated euro stablecoin. Qivalis has brought together 12 major EU banks, including BNP Paribas, ING, and UniCredit, and plans to apply for an electronic money institution license from the Dutch Central Bank under the EU's Markets in Crypto-Assets (MiCA) framework, with the goal of launching the euro stablecoin in the second half of 2026.