• ING joined Qivalis, a consortium of European banks building shared infrastructure to issue a regulated euro-denominated stablecoin.
• The group targets a launch in the second half of 2026, subject to regulatory approval.
• The consortium is positioning the token for wholesale uses such as cross-border payments, treasury management, and blockchain settlement of financial assets, aiming to reduce reliance on US dollar stablecoins for euro flows.
• Qivalis has expanded beyond its initial 12 founding banks, adding more than 25 additional lenders to boost liquidity, distribution, and adoption.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ING Groep NV published the original content used to generate this news brief on May 19, 2026, and is solely responsible for the information contained therein.