Qivalis Secures Dutch License for Euro-Pegged Stablecoin Development
Qivalis has received regulatory approval from the Dutch central bank to develop a euro-backed stablecoin for blockchain-based settlements.
Qivalis has received regulatory approval from the Dutch central bank to develop a euro-backed stablecoin for blockchain-based settlements. This is an original TLT brief synthesising 3 outlets (Crypto Economy, Cointelegraph, CoinDesk), plus live market data, as of Wed, 14 Oct 2026 16:15:02 UTC.
This development marks a significant step towards integrating traditional banking infrastructure with blockchain technology, potentially transforming cross-border settlements and euro-denominated digital asset transactions.
- Qivalis received an Electronic Money Institution license from the Dutch central bank.
- The license enables the development of a euro-backed stablecoin for blockchain settlements.
- The project is backed by 37 European banks, including BBVA, BNP Paribas, and ING.
- The stablecoin issuance is expected in the coming months, pending MiCA compliance.
All three outlets (Crypto Economy, Cointelegraph, and CoinDesk) agree that Qivalis has secured a license from the Dutch central bank to develop a euro-backed stablecoin for blockchain settlements and that the project is supported by a consortium of 37 European banks, including major institutions like BBVA, BNP Paribas, and ING. However, Cointelegraph specifies that the issuance is planned for the coming months, while Crypto Economy mentions additional requirements under MiCA that still need to be met.
Qivalis has been granted an Electronic Money Institution license by the Dutch central bank, marking a significant milestone in the development of a euro-pegged stablecoin for blockchain-based settlements.
The license allows Qivalis to move forward with the creation of a digital euro token, which is expected to be used for onchain settlements. The project is backed by a consortium of 37 European banks, including prominent financial institutions such as BBVA, BNP Paribas, and ING.
According to Cointelegraph, the company plans to issue the stablecoin in the coming months, but this is contingent on meeting additional regulatory requirements under the Markets in Crypto-Assets (MiCA) framework. This suggests that while the initial regulatory hurdle has been cleared, further compliance measures are necessary before the stablecoin can be launched.
The involvement of major European banks indicates strong institutional support for the project, which aims to bridge traditional finance with blockchain technology. This development could pave the way for more efficient and transparent cross-border transactions and potentially reduce reliance on existing settlement systems.
In the current market context, with the total crypto market cap at $2.82 trillion and 
Bitcoin experiencing a 2.16% decline over the past 24 hours, this news may provide some stability to the sector. The Fear & Greed Index stands at 62, indicating a 'Greed' sentiment, suggesting that investors remain cautiously optimistic about developments in the crypto space.
Figures and sectors in this story, checked live against on-chain aggregators · October 14, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Qivalis Secures Dutch License for Euro-Pegged Stablecoin Dev — questions & answers
What is Qivalis planning to do with the Dutch license?
Qivalis intends to develop and issue a euro-backed stablecoin for blockchain-based settlements.
Which banks are supporting Qivalis's project?
The project is backed by 37 European banks, including BBVA, BNP Paribas, and ING.
When is the stablecoin expected to be launched?
The stablecoin issuance is planned for the coming months, pending MiCA compliance.
Which outlets reported this story?
This is an original TLT 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 TLT 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.