Qivalis Expands as Euro-Pegged Stablecoin Development Advances
- Qivalis has grown from a single employee to approximately 40 staffers.
- The company is nearing an Electronic Money Institution (EMI) license in the Netherlands.
- A regulated euro stablecoin is expected to launch by the end of this year.
- The stablecoin market is currently dominated by USD-pegged tokens from Tether and Circle.
- Sell emphasizes that Europeans will not primarily use dollar-pegged stablecoins.
Qivalis’s transformation reflects broader changes in global trade finance, particularly with the integration of liquidity through stablecoins. This shift addresses previous gaps in cash leg and payment processes within blockchain transactions.
As Qivalis approaches its euro stablecoin launch, it signifies a notable move towards localized digital currencies, contrasting with the dominance of USD-pegged options in the market. (Source)
