The banks see corporate stablecoin use cases as a nearer-term priority. Tokenized deposits remain a longer-range prospect while regulatory gray areas, including cross-bank risk transmission, persist.
Speaking at MERGE Madrid 2026, Maroto said MiCA-based stablecoins already let businesses settle cross-border transactions at any hour.
Qivalis is preparing a compliant euro stablecoin. The consortium includes 37 European banks, with BBVA among seven Spanish participants.



