S&P Global Forecasts €1.1T Euro Stablecoin Market with 37-Bank Qivalis
S&P Global's recurring revenue from credit ratings, analytics, passive investing and commodities benefits from rising debt issuance, investment inflows and AI-driven data services. The company projects the European stablecoin market to expand from €770 million to €1.1 trillion by 2030, backed by the 37-member Qivalis consortium under MiCA.
1. Diversified Revenue Streams
S&P Global has evolved from a credit ratings provider into a financial infrastructure platform spanning debt markets, passive investing, commodities and enterprise analytics. Its business model combines high recurring revenue with strong operating leverage driven by recovering debt issuance, rising passive investment flows and proprietary AI-tailored datasets.
2. Euro Stablecoin Market Opportunity
The Qivalis consortium has tripled to 37 banks across 15 countries building a regulated euro-denominated stablecoin under MiCA, aiming for a second-half launch this year. S&P Global projects this market to grow from €770 million today to €1.1 trillion by 2030, highlighting blockchain finance as a future revenue driver.