Jan-Oliver Sell, CEO and founder of Qivalis, stated that the entire trade finance supply chain is shifting towards stablecoins, and the sector is undergoing a stablecoin-driven transformation. Qivalis has partnered with 37 European banks over the past year and plans to launch a regulated euro stablecoin by the end of this year. Sell believes the future will be a multi-stablecoin world, where stablecoins such as the euro, Korean won, and Japanese yen will play a role, not just the US dollar.