Qivalis says stablecoins are reshaping global trade finance as banks and suppliers skip fiat off-ramps

Qivalis, a euro-pegged stablecoin issuer, has onboarded 37 European banks in the past year, CEO Jan-Oliver Sell told CoinDesk. He said trade finance has become a stablecoin focus in Asia, LatAm and Africa, and dedicated trade finance funds are shifting so entire supply chains operate in stablecoins. Sell cited an example of an East African supplier trading with a Kazakh counterpart entirely in stablecoins without off-ramping to fiat. Because collateral can rotate in minutes rather than days, he argued the whole business model changes.

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