Qivalis Advances Euro Stablecoin Plans for Cross-Border Trade Finance
Qivalis, an Amsterdam-based venture formed by European banks to develop a stablecoin compliant with the European Union's Markets in Crypto-Assets (MiCA) framework, is advancing its plans for a euro-denominated stablecoin. The stablecoin aims to shorten trade-finance collateral cycles from days to minutes.
According to Qivalis CEO Jan-Oliver Sell, trade-finance funds are increasingly considering stablecoins for supply-chain transactions. Sell said that stablecoins could allow collateral and payments to move across borders without repeated conversion into fiat currency.
The planned token would be fully backed 1:1 by euro fiat currency, says Qivalis. Its intended uses include cross-border payments, programmable payments, supply-chain management, and digital-asset settlement.
Qivalis has applied to De Nederlandsche Bank for authorization as an Electronic Money Institution, but the application remains pending. The venture has targeted a launch in the second half of 2026.