European stablecoin issuer Qivalis sees transformation of global trade finance

Image for article European stablecoin issuer Qivalis sees transformation of global trade finance
News Source : CoinDesk

News Summary

  • Jan-Oliver Sell, the CEO and founder of Qivalis, said the entire trade finance supply chain is moving into stablecoins.
  • Conversations with players across the ecosystem show that trade finance has become a focus in regions like Asia, LatAm and Africa.
  • Sell notes that one year ago he was the only employee; now he has grown to about 40 staffers and is close to securing an Electronic Money Institution (EMI) license in the Netherlands.
  • The aim is to go live with a regulated euro stablecoin by the end of this year.
Qivalis, the independent europegged stablecoin builder with a growing number of banks as shareholders in the project, has also been undergoing a transformation.

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