European stablecoin issuers are expanding into U.S. dollar-pegged tokens, arguing that businesses need dollar liquidity for global payments, settlement and foreign-exchange activity even as the European Union seeks to strengthen the euro. German issuer AllUnity launched USDAU on Wednesday, extending its MiCA-regulated lineup beyond European currencies. AllUnity CEO Alexander Höptner said the dollar remains central to global trade and FX markets and that a euro-only offering cannot meet European corporates’ cross-border payment needs. The expansion comes as the EU reviews MiCA (the EU crypto-asset regulatory framework) and the ECB (European Central Bank) warns that stablecoins could reinforce the dollar’s global dominance. Stable Mint CEO James Bennett said demand reflects practical business requirements, while Stable Mint reported that USDSM had moved more than $380 million onchain across 3.8 million transfers and was held by more than 2,600 addresses as of Wednesday. Fiat Republic CEO Adam Bialy said crypto platforms and stablecoin companies require round-the-clock dollar settlement. Societe Generale-FORGE said the market should offer both euro- and dollar-denominated digital cash within a resilient regulatory framework. Its USDCV, launched in 2025, has drawn interest for trading, settlement, collateral management and treasury operations. Despite that interest, CoinGecko values USDSM and USDCV at about $13 million each, compared with $184 billion for Tether USDt and $74 billion for Circle’s USDC.