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