BNP Paribas Joins EU Bank Stablecoin Venture Qivalis
BNP Paribas, France’s largest bank by assets, said on Tuesday it would form a joint venture with nine other European banks to focus on issuing stablecoins as traditional financial firms chase the fast-growing digital asset class. The bank joins an Amsterdam scheme called Qivalis, which is backed by lenders including ING, UniCredit and CaixaBank. According…