---
title: "EMT (E-Money Token)"
url: "https://www.unknowngravity.com/en/glosario/emt-token-dinero-electronico"
site: Unknown Gravity
published: "2026-05-31T13:44:07+00:00"
modified: "2026-07-15T10:51:27+00:00"
language: en-US
description: "An EMT (E-Money Token) is, under MiCA Regulation (EU) 2023/1114, a crypto-asset that aims to maintain a stable value by referencing the value of a single official currency."
section: "Home > EMT (E-Money Token)"
---

# EMT (E-Money Token)

GLOSSARY · BLOCKCHAIN & WEB3

An EMT is a crypto-asset regulated by MiCA that keeps its value referenced to a single official currency.

WHAT IS IT? · FOR DUMMIES

An EMT is the digital equivalent of a euro or a dollar in token form: for every token issued there is, in theory, one unit of that currency held behind it. It works like ordinary electronic money, but on a blockchain. It is the single-currency stablecoin, designed to pay and transfer at a stable value.

WHAT IS IT? · PRO

An EMT (**E-Money Token**) is, under MiCA Regulation (EU) 2023/1114, a crypto-asset that aims to maintain a stable value by referencing the value of **a single official currency**.

It is treated as electronic money for the purposes of Directive 2009/110/CE (EMD2) and may only be issued by a credit institution or an electronic money institution, with the holder entitled to redemption at par. It differs from the ART, which references a basket of assets or several currencies.

## 01 / Key points

- A crypto-asset category defined by MiCA.
- References the value of a single official currency.
- Treated as electronic money (Directive 2009/110/CE).
- Redeemable at par; issuance reserved to authorized institutions.

This entry is informative. It is not legal, tax or investment advice. The rules cited change: check the current version on [BOE](https://www.boe.es) and [EUR-Lex](https://eur-lex.europa.eu).