dollar

EU issuers explain why Europe needs US dollar stablecoins

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EU issuers explain why Europe needs US dollar stablecoins

European stablecoin issuers are suing for regulated US dollar tokens, arguing that European pressure to strengthen the euro does not eliminate businesses’ need for dollar liquidity. AllUnity, a German stablecoin issuer, launched its US dollar-pegged stablecoin USDAU on Wednesday, expanding its MiCA-controlled lineup beyond European currencies. “In global trade and FX markets, the US dollar … Read more

Tether said it had ‘limited’ exposure to banks linked to the $84M US dollar seizure

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Tether said it had ‘limited’ exposure to banks linked to the M US dollar seizure

US prosecutors allege that a payments business illegally transferred millions of dollars at the behest of EQIBank, where Tether holds some of the assets. Stablecoin issuer Tether said it had limited exposure through assets held by a bank that instructed a payments company to transfer millions of dollars on its behalf. In response to reports … Read more