AllUnity, Stable Mint and SG-FORGE Defend Dollar Stablecoins in EU

AllUnity, Stable Mint and SG-FORGE have argued that dollar stablecoins serve needs euro options alone may not meet, as the European Union reviews its crypto rules and the European Central Bank voices concern about stablecoins’ effect on the dollar’s global role.

Germany-based AllUnity launched its dollar-pegged USDAU on Wednesday. AllUnity co-founder and CEO Alexander Höptner argued that dollar tokens serve international trade and foreign-exchange needs that euro stablecoins alone may not meet.

Stable Mint CEO James Bennett said demand for dollar stablecoins reflects practical needs. He argued that Europe can decide which issuers serve users and the rules they must follow.

SG-FORGE, the digital-asset subsidiary of French banking group Société Générale, said it aims to offer users digital cash in both euros and dollars within a diverse system under regulatory oversight. Its USD CoinVertible (USDCV), launched in 2025, has drawn interest for trading, settlement, collateral management and treasury operations.

The debate comes as the EU reviews its MiCA framework. The European Central Bank has expressed concern that stablecoins could strengthen the dollar’s global role.

AllUnity’s Höptner characterized the opportunity as linking dollar liquidity with European banks and businesses, rather than setting up a contest between the United States and Europe.