Qivalis secures Dutch EMI license to issue euro stablecoin
- —Amsterdam-based Qivalis will fall under ongoing supervision by the Dutch central bank
- —The EMI license permits issuance of electronic money tokens denominated in euros
- —The euro stablecoin launch is targeted within the next few months
- —Issuance still requires additional MiCA compliance and white paper disclosure
Why it matters: A new entrant in the euro stablecoin market intensifies competition with USDT and USDC in the EU as MiCA rules tighten.
Source: Digital Today