// definition
EMT
E-money token
Short definition
A cryptoasset intended to maintain a stable value by reference to one official currency. Under MiCA, holders have a claim against the issuer and a right to redemption at par. Issuers of significant tokens face additional requirements.
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Primary sources
- MiCA, Article 3: definitionsPoint 7: reference to one official currency.
- MiCA, Article 49: issuance and redemptionHolder’s claim and redemption at par.
- MiCA, Article 58: additional obligationsEnhanced requirements for issuers of significant tokens.