Qivalis drives transformation in global trade finance with stablecoins

Somewhere in Amsterdam, a consortium that started with nine banks has quietly grown into a 37-bank coalition spanning 15 European countries, all unified by a single goal: building a euro stablecoin that can actually compete on the global stage. Qivalis, the joint venture at the center of this effort, is targeting nothing less than the plumbing underneath Europe-Asia trade finance, a corridor worth roughly $5 trillion annually. The project plans to issue its euro-pegged electronic money token on the public Ethereum blockchain in the second half of 2026, pending regulatory approval from De Nederlandsche Bank. If it clears that hurdle, it would become one of the first institutional-grade euro stablecoins built specifically for trade finance and cross-border settlement. Europe’s answer to dollar stablecoin dominance Dollar-denominated stablecoins currently command more than 95% of global stablecoin market share. Euro-denominated alternatives account for somewhere between 0.2% and 1% of the total market. The project was incorporated in September 2025 and formally branded in December of that year. By May 2026, its founding consortium had quadrupled from 9 to 37 member banks. Jan-Oliver S...