Germany’s AllUnity expands EURAU to Solana as euro stablecoins gain traction

AllUnity, a joint venture backed by DWS, Flow Traders, and Galaxy Digital, has expanded its euro-backed stablecoin, EURAU, to the Solana blockchain. Previously launched on Ethereum, EURAU is MiCA-compliant, fully reserved, and operates under a regulated e-money framework. The move to Solana aims to leverage the network's speed and scalability for faster settlement and lower transaction costs for euro-denominated transfers, enabling businesses to conduct real-time cross-border payouts and support onchain financial activities like trading and treasury management. This expansion reflects a growing demand for regulated non-dollar stablecoins, particularly in Europe, where the euro stablecoin market has doubled since early 2025 and is projected to reach significant growth. AllUnity's CTO and COO, Peter Grosskopf, highlighted Solana's suitability for institutional-grade settlement and cross-border payments due to its speed and scalability. Several partners, including Bullish and Transak, are preparing to utilize EURAU on Solana for various financial applications.

(Source：CoinDesk)