Qivalis secures Dutch EMI license for euro stablecoin
- —DNB granted Qivalis an electronic money institution (EMI) license
- —The token will be fully backed 1:1 by euro and deployed on Ethereum
- —The consortium now includes 37 banks across 15 European countries
- —Its supervisory board is chaired by former NatWest chief Howard Davies
Why it matters: A regulated euro stablecoin under EU oversight will intensify competition with USDT and USDC in Europe.
Source: Cryptoast
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