De Nederlandsche Bank authorized Amsterdam-based Qivalis B.V. as an Electronic Money Institution on October 14, 2026.

From the articleQivalis Receives EMI Authorization from Dutch Central Bank for Euro StablecoinAlso in Qivalis wins Dutch EMI license, but MiCA rules block launch, Europe's banks have a euro stablecoin license. Can they win users?, EU Banking Consortium Qivalis Secures E-Money License to Accelerate Stablecoin Issuance, Qivalis secures Dutch EMI license to launch bank-backed euro stablecoin, Qivalis Secures Dutch Approval for Euro Stablecoin Backed by 37 European Banks