# Stablecoin Issuers

### Definition

A **Stablecoin Issuer** is a regulated Electronic Money Institution that issues **E-Money Tokens (EMT)** used for settlement of transactions on the platform.

### Responsibilities

* Issue and redeem E-Money Tokens used for settlement.
* Ensure regulatory compliance for electronic money issuance and redemption.
* Maintain operational resilience and governance for the settlement token.
* Cooperate with 21X on settlement, risk management, and operational processes.

### Requirements

* Hold authorization as an Electronic Money Institution.
* Enter into the **Partnership Agreement** with 21X.
* Maintain appropriate governance, compliance, and information security frameworks.

A detailed list of admission requirements for Stablecoins as a settlement currency on 21X can be found below

{% content-ref url="../listing-requirements/stablecoin-requirements" %}
[stablecoin-requirements](https://docs.21x.eu/participant-docs/listing-requirements/stablecoin-requirements)
{% endcontent-ref %}