Stablecoin issuers based in Europe are publicly arguing for regulated tokens tied to the US dollar. Their point is that Europe's effort to strengthen the euro does not remove the need businesses have for dollars. Cointelegraph published the report on Oct 2, 2026. It was written by Helen Partz and reviewed by Yohan Yun.
The issuers say companies want US dollar liquidity for global payments and settlement. In their view, Europe cannot ignore that demand, and a euro stablecoin alone does not meet it.
This creates tension inside Europe. Policy is pushing to strengthen the euro, while the region's own issuers say the market also needs dollar tokens. The available text does not name the issuers. It also does not describe any regulatory decision, timeline or reply from officials.
For anyone who already holds a perpetual position on Bitget, Bybit, MEXC or OKX, nothing changes directly. The report says nothing about funding rates, trading fees or liquidity on these exchanges, and it describes no new token or rule taking effect. For now, this is an argument from issuers, not a change to the cost of holding a position.
Source: cointelegraph — ‘Euro stablecoin isn’t enough’: EU issuers make case for USD tokens