Qivalis Secures Dutch E-Money License for Planned Euro Stablecoin
The 37-bank venture plans to distribute its token through financial intermediaries, with issuance expected in the coming months.
AI summary
Qivalis, a venture backed by 37 banks, has obtained a Dutch e-money license to issue a euro-denominated stablecoin. The token will be distributed through financial intermediaries, with issuance expected in the coming months. This regulatory approval signals growing institutional adoption of stablecoins in Europe and could increase competition in the euro stablecoin market, potentially benefiting the broader crypto ecosystem.
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