EU stablecoin issuers push for dollar tokens alongside euro coins

The pitch reframes the euro-stablecoin debate: the constraint is not regulatory permission but commercial demand for dollar liquidity in global settlement, which euro tokens alone cannot satisfy. That puts European issuers in an awkward spot, since the same dollar dominance they want to serve is what a digital euro and EU sovereignty framing are meant to reduce. Whether regulators treat dollar issuance by EU-licensed entities as a competitive necessity or a concession to offshore dollar power is the open question.