Qivalis, backed by 37 European banks, wins EMI license for euro stablecoin
- —Qivalis is backed by 37 banks across 15 countries
- —DNB granted the EMI authorization on October 14
- —The euro token will be 1:1-backed and DNB-supervised
- —Launch hinges on MiCA compliance and whitepaper release
Why it matters: A regulated euro stablecoin supplies the cash leg for tokenized finance and could become settlement infrastructure for tokenized assets in the EU.
Source: CoinGeek