# European Banking Group Qivalis Wins Dutch Approval to Launch Euro Stablecoin

- URL: https://stocks.freetheai.org/news/european-banking-group-qivalis-wins-dutch-approval-to-launch-euro-stablecoin-3b349c
- Published: 2026-10-14T12:53:41Z
- Category: crypto; sentiment: bullish; impact: medium
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European banking consortium Qivalis has obtained Electronic Money Institution authorization from De Nederlandsche Bank, the Dutch central bank. Based in Amsterdam, the firm gained approval to issue euro-denominated electronic money tokens, completing a major regulatory milestone in Europe.

The authorization positions Qivalis to introduce a regulated euro asset into a digital currency market currently dominated by U.S. dollar tokens. U.S. dollar-backed stablecoins make up most of the broader digital currency ecosystem, with Tether USDt holding 183 billion dollars of the total 303 billion dollar market. Qivalis, which is supported by 37 financial institutions across 15 countries, aims to provide an on-chain settlement tool operating strictly under European financial laws and oversight.

The consortium plans to issue its euro stablecoin in the coming months. Before launching, Qivalis must publish its official white paper and satisfy remaining requirements under the European Union Markets in Crypto-Assets regulation.

## Key points

- Qivalis received Electronic Money Institution authorization from the Dutch central bank, De Nederlandsche Bank.
- The license allows the Amsterdam-based consortium to issue euro-denominated electronic money tokens under central bank supervision.
- Qivalis intends to launch its euro stablecoin in the coming months after releasing a white paper and meeting MiCA rules.
- The consortium is backed by 37 banking institutions across 15 countries after expanding its member base in May.
- The new token aims to enter a stablecoin market where U.S. dollar assets account for over 303 billion dollars, led by Tether USDt.

## Questions and answers

### What license did Qivalis receive from the Dutch central bank?

Qivalis received an Electronic Money Institution (EMI) license from De Nederlandsche Bank, permitting it to issue euro-denominated electronic money tokens under central bank supervision.

### When will Qivalis launch its euro stablecoin?

Qivalis plans to issue its euro-denominated stablecoin within the coming months, pending compliance with Markets in Crypto-Assets (MiCA) rules and the publication of its white paper.

### How many banks back the Qivalis consortium?

Qivalis is supported by 37 banking institutions across 15 countries, following the addition of 25 new member banks in May.