Qivalis Wins Dutch EMI License for Planned Euro Stablecoin
The authorization clears one licensing condition, but MiCA disclosures and partner distribution still stand between Qivalis and a public launch.
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The authorization clears one licensing condition, but MiCA disclosures and partner distribution still stand between Qivalis and a public launch.
The authorization moves a 37-bank consortium closer to launch, but MiCA requirements, including a white paper, still stand between Qivalis and issuance.
Europe's biggest banking push yet into on-chain money arrives as the euro stablecoin market sits at a fraction of the dollar's liquidity, raising the bar for a currency to become a default inside…
BNP Paribas, ING and UniCredit are among the founding members of an Amsterdam-based issuance consortium betting that a bank-issued euro stablecoin can take share from the $320B USD-led market.
The membership roster — ABN Amro, Intesa Sanpaolo, Rabobank, Spuerkeess alongside the original BNP Paribas and ING founders — is the structural story: a bank-led euro onchain settlement rail, not…
The consortium is building a MiCA-aligned euro stablecoin as a structural counterweight to USD-pegged rails — and lender count is the clearest signal of bank-side conviction.