Qivalis

Qivalis CEO and founder Jan-Oliver Sell says trade finance is increasingly moving onto stablecoin rails, changing how collateral and payments move across borders. The euro-pegged stablecoin issuer has onboarded 37 European banks in the past year and is nearing an EMI license in the Netherlands.

Major financial institutions are moving deeper into stablecoin services as demand grows for regulated payment, custody, treasury and settlement rails. Standard Chartered and BNY are expanding USDC access while European lenders push euro-denominated alternatives to keep tokenized finance anchored in local currency.

Crédit Agricole has entered the euro stablecoin market with EURXT, a MiCA-compliant token issued on Ethereum through its asset-servicing arm, Caceis. The launch adds fresh competition to a fast-growing European market already led by several bank-backed and private-sector tokens.