Qivalis Secures Dutch Regulatory Approval for Euro-Backed Stablecoin
Qivalis gains Dutch Electronic Money Institution license, paving the way for a euro-pegged stablecoin issuance.
Qivalis gains Dutch Electronic Money Institution license, paving the way for a euro-pegged stablecoin issuance. This is an original Token Times brief synthesising 3 outlets (Crypto Economy, Cointelegraph, CoinDesk), plus live market data, as of Wed, 14 Oct 2026 16:15:01 UTC.
This development marks a significant step toward integrating traditional banking with blockchain-based settlement systems, potentially enhancing efficiency and transparency in euro-denominated transactions. The involvement of major European banks underscores growing institutional interest in stablecoin technology.
- Qivalis receives Dutch Electronic Money Institution license.
- License enables the launch of a euro-backed stablecoin.
- Backed by 37 European banks, including BBVA and BNP Paribas.
- MiCA compliance remains a requirement for issuance.
All three outlets, Crypto Economy, Cointelegraph, and CoinDesk, agree that Qivalis has secured a Dutch Electronic Money Institution license, which is crucial for its plans to issue a euro-pegged stablecoin. They also concur that the consortium is backed by major European banks, including BBVA, BNP Paribas, and ING. However, Cointelegraph specifies that the issuance is planned for the coming months, pending additional Markets in Crypto-Assets (MiCA) requirements, a detail not explicitly mentioned by the other outlets. CoinDesk emphasizes the infrastructure for onchain euro settlement, while Crypto Economy highlights the consortium's broader banking backing.
Qivalis, a consortium backed by 37 European banks, has received an Electronic Money Institution license from the Dutch central bank. This authorization is a critical step toward the issuance of a euro-pegged stablecoin, as reported by Crypto Economy, Cointelegraph, and CoinDesk.
The license allows Qivalis to operate as an electronic money institution, enabling it to facilitate blockchain-based settlements in euros. According to Cointelegraph, the company plans to launch the stablecoin in the coming months, provided it meets additional regulatory requirements under the Markets in Crypto-Assets (MiCA) framework.
The consortium's backers include prominent financial institutions such as BBVA, BNP Paribas, ING, and DZ Bank, as corroborated by multiple outlets. This backing highlights the growing interest of traditional banks in integrating blockchain technology into their operations.
The development comes as the European Union is finalizing its MiCA regulations, which aim to provide a comprehensive regulatory framework for crypto assets. Qivalis must ensure compliance with these regulations to proceed with its stablecoin issuance plans.
In the current market context, with the total crypto market cap at $2.82 trillion and 
Bitcoin experiencing a 24-hour decline of 2.16%, the news reflects a broader trend of institutional adoption amidst market volatility. The Fear & Greed Index stands at 62, indicating a state of 'Greed' among investors.
Qivalis Secures Dutch Regulatory Approval for Euro-Backed St — questions & answers
What is Qivalis planning to do with the license?
Qivalis intends to use the license to issue a euro-backed stablecoin for blockchain-based settlements.
Which banks are supporting Qivalis?
Qivalis is backed by 37 European banks, including BBVA, BNP Paribas, ING, and DZ Bank.
What regulatory requirements must Qivalis meet?
Qivalis must comply with the Markets in Crypto-Assets (MiCA) framework to proceed with its stablecoin issuance.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Economy, Cointelegraph, CoinDesk, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.