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Qubalas wins Dutch central bank EMI licence, eyes euro stablecoin issuance

European banking consortium Qubalas has obtained an electronic money institution (EMI) licence from the Dutch central bank and will move ahead with issuing a euro-denominated stablecoin. Cointelegraph reported that Qubalas plans to pursue issuance within months. It said the issuance requires meeting additional requirements under the European Union’s Markets in Crypto-Assets (MiCA) regulation and publishing a white paper. The Amsterdam-based firm will be under ongoing Dutch central bank supervision.

Crypto

21 global financial firms to issue stablecoin; former Ripple executive calls it a familiar scene

A former Ripple executive, Emi Yoshikawa (에미 요시카와), described plans by a 21-bank consortium led by Goldman Sachs and MUFG Bank to launch a dollar stablecoin as a familiar move by banks. She said on X after the announcement that it felt like deja vu. The project draws attention for favoring tighter in-house control over outside blockchain networks. MUFG is also pushing a yen stablecoin payment launch in Japan by March 2027.

Crypto

Stripe affiliate Bridge wins Luxembourg approval, enters EU MiCA register

Bridge, a stablecoin infrastructure firm affiliated with Stripe, has been added to the European Union\'s Markets in Crypto-Assets (MiCA) register after securing regulatory approval in Luxembourg. The listing brings the number of electronic money token (EMT) issuers on the EU register to 42, Cointelegraph reported. The update was reflected in the latest release published by the European Securities and Markets Authority on Aug. 6.