Germany · Cointelegraph
AllUnity, a German stablecoin issuer, rolled out its US dollar-pegged stablecoin USDAU on Wednesday
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“In global trade and FX markets, the US dollar is the glue,” AllUnity CEO Alexander Höptner told Cointelegraph, adding: “For European corporates to make cross-border payments globally, offering only a euro stablecoin isn’t enough.”
Key facts
- Stable Mint’s USDSM stablecoin has moved more than $380 million onchain across 3.8 million transfers and is held by more than 2,600 addresses, according to figures provided by the company
- SG-FORGE said its USD CoinVertible (USDCV), launched in 2025, has attracted interest for trading, settlement, collateral management and treasury operations
- Fiat Republic CEO Adam Bialy similarly pointed to demand from crypto platforms and stablecoin companies seeking round-the-clock dollar settlement
- Societe Generale-FORGE (SG-Forge), the digital asset subsidiary of French banking group Societe Generale, said the goal should be a diversified market rather than opposition to dollar stablecoins
Summary
European issuers say Europe cannot ignore demand for dollar stablecoins as businesses seek USD liquidity for global payments and settlement. European stablecoin issuers are making the case for regulated US dollar tokens, arguing that Europe’s push 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-regulated lineup beyond European currencies.