European stablecoin issuer Qivalis sees transformation of global trade finance

The steady seismic impact stablecoins have had on cross-border payments is well documented. But specifically the trade finance use case is being fundamentally altered, according to Jan-Oliver Sell, the CEO of Qivalis, which has onboarded 37 European banks in the past year.

Conversations with players across the ecosystem show that trade finance has become a focus in regions like Asia, LatAm and Africa, Sell said. In addition, he said dedicated trade finance funds that provide financial instruments and also buy commodities are basically seeing a shift, where their whole supply chain in operating stablecoins, increasingly without needing to off-ramp to fiat.