Dinaro becomes first issuer from Slovenia in EU’s MiCA stablecoin register

Slovenia just planted its flag in the EU’s regulated stablecoin landscape. Dinaro d.o.o., a Slovenian electronic money institution licensed by the Bank of Slovenia, has been added to the European Securities and Markets Authority’s interim MiCA register as an authorized e-money token issuer. It’s the first entity from Slovenia to earn that distinction. The ESMA update, logged in early August 2026, also added two new crypto-asset service providers (CASPs) to the register. What Dinaro’s registration actually means Under the Markets in Crypto-Assets Regulation, e-money tokens are the EU’s legal term for fiat-pegged stablecoins. EMT issuers must maintain 100% backing in low-risk, liquid assets. Token holders get guaranteed at-par redemption rights, meaning if you hold one euro-pegged EMT, you can always swap it back for one euro. Dinaro has operated under an EMI license from the Bank of Slovenia since at least 2020, which gives it the legal authority to issue electronic money. That existing license effectively provided a launchpad into MiCA compliance, since the regulation was designed to dovetail with the EU’s existing electronic money directive framework. The practical result: Dinaro ...