Qivalis, the Amsterdam-based banking consortium building a regulated euro stablecoin, added 25 banks on Wednesday, pushing its membership to 37 institutions across 15 countries. This is the first biggest push of European banks after the US’s GENIUS Act was passed. The U.S. is turning stablecoins into a geopolitical weapon by making the US treasury pegging mandatory. Now, Europe is fighting back with the biggest commercial banking mobilization in European history. [RELEASE]