European stablecoin issuers argue that US dollar-pegged tokens are essential to meet market demands, with a euro-denominated stablecoin alone deemed insufficient. AllUnity’s Höptner emphasizes that the opportunity is not about US versus Europe but about building interoperable financial infrastructure connecting dollar liquidity with European banks and businesses. MiCA, the European crypto-asset regulation, is tightening rules on USDT in Europe, but this regulation appears not to dampen the sector’s interest in dollar-pegged tokens.
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