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AllUnity plans Swedish krona stablecoin, launches agentic payments infrastructure

The Block
AllUnity is launching a Swedish krona-pegged stablecoin, SEKAU, and a new payment infrastructure designed to facilitate AI agent transactions.

Summary

AllUnity, a regulated European stablecoin issuer backed by DWS, Flow Traders, and Galaxy, has announced plans to launch SEKAU, a fully reserved stablecoin pegged to the Swedish krona. The token is compliant with the EU’s Markets in Crypto-Assets Regulation and aims to facilitate 24/7 instant settlement and programmable finance for institutions.

In addition to the stablecoin, AllUnity introduced 'Agentic Payments,' an infrastructure layer powered by the x402 protocol that enables businesses to accept payments initiated by AI agents. This system allows for direct settlement into local bank accounts, further expanding AllUnity’s portfolio of fiat-backed digital assets, which currently includes stablecoins for the Euro and Swiss franc.

(Source:The Block)