Germany's AllUnity expands the euro stablecoin EURAU to Solana
The joint venture AllUnity, supported by DWS, Flow Traders, and Galaxy Digital, announced the expansion of its euro stablecoin EURAU, compliant with the EU MiCA regulatory framework, to the Solana blockchain network to enhance the efficiency of euro transfers on-chain and support compliant financial applications.
EURAU was first launched on Ethereum last July, backed by 100% reserves and issued under the EU electronic money regulatory framework. With the integration into Solana, AllUnity aims to leverage its high-performance network to achieve faster settlement speeds and lower transaction costs, enabling businesses and developers to complete euro transfers on-chain in seconds. This mechanism can be widely applied in scenarios such as cross-border payments, trade settlements, lending, and corporate fund management. For example, payment companies can make real-time payments to overseas contractors without waiting for traditional bank transfers to arrive over several days.
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