October 14th 2026, 12:53 PM
Qivalis Euro Stablecoin Launch Closer With Dutch Central Bank EMI Approval
Key Summary
Qivalis, a European banking consortium, has received Electronic Money Institution (EMI) authorization from the Dutch central bank, paving the way for the launch of a euro-denominated stablecoin. The approval subjects Qivalis to ongoing supervision and makes it eligible to issue euro-denominated electronic money tokens, aligning with the Markets in Crypto-Assets Regulation (MiCA). The company plans to begin issuance within the coming months, subject to applicable MiCA requirements and the publication of its white paper.
Please see our real time news feed on our Home Page
Introduction
Qivalis, a European banking consortium, has received Electronic Money Institution (EMI) authorization from the Dutch central bank, bringing it closer to issuing a euro-denominated stablecoin.Regulatory Approval
The approval subjects Qivalis to ongoing supervision by the central bank and makes it eligible to issue euro-denominated electronic money tokens. The grant of this license is a key step forward for Qivalis and its MiCA-compliant euro token.Market Impact
Qivalis is looking to introduce a euro-denominated stablecoin into a market largely dominated by US dollar-based stablecoins. Tether USDt’s (USDT) $183 billion market capitalization accounts for over 60% of the total $303 billion stablecoin market.Company Plans
The company plans to begin issuance within the coming months, subject to applicable MiCA requirements and the publication of its white paper. Qivalis CEO Jan-Oliver Sell stated, “We believe Europe should have a euro-denominated on-chain settlement asset issued under European law and subject to European regulatory standards.”Conclusion
Qivalis’s EMI authorization marks a positive step forward for the European e-money market, increasing competition and choice for consumers.#Qivalis#DutchCentralBank#EuroStablecoin#MiCA