According to Cointelegraph, European issuers have stated that relying on a euro stablecoin does not meet current market needs. They argue that businesses require USD liquidity when conducting global payments and settlements. The position reflects concerns about practical demand outside the eurozone context.
Issuers emphasize that while a euro stablecoin exists, it does not address the consistent need for US dollar-denominated stable assets among enterprises operating internationally. This need arises from existing payment flows and settlement patterns that favor USD conversion. The EU perspective highlights that market behavior currently favors USD stability tokens for cross‑border transactions.
The comment underscores that issuers view the euro solution alone as insufficient for handling widespread foreign‑exchange requirements. Consequently, they advocate considering USD stablecoin issuance to align with actual business usage trends.
