Germany’s AllUnity Brings Euro Stablecoin EURAU to Solana
BERLIN / NEW YORK — AllUnity, the German joint venture backed by Deutsche Bank subsidiary DWS, market maker Flow Traders, and crypto investment firm Galaxy Digital, has extended its euro‑pegged stablecoin EURAU to the Solana blockchain, marking a major step in the growth of regulated euro‑denominated assets on high‑speed networks.
The move, first reported by CoinDesk and confirmed by AllUnity, follows EURAU’s July 2025 launch on Ethereum and its earlier expansion to other chains such as Stellar and Tempo. By deploying EURAU on Solana, AllUnity aims to deliver faster, lower‑cost on‑chain euro settlements for institutions, enterprises, and developers engaged in cross‑border payments, trading, and DeFi‑style services.
A MiCA‑Compliant Euro Token Goes Multi‑Chain
EURAU is issued as a fully reserved electronic money token under the European Union’s Markets in Crypto‑Assets (MiCA) framework, with each token backed 1:1 by euro reserves held in a multi‑bank reserve model. The project positions itself as Germany’s first MiCAR‑compliant euro stablecoin and is designed to serve payment institutions, fintechs, and corporate treasuries seeking compliant on‑chain liquidity.
“Expanding EURAU to Solana reflects the growing demand for regulated euro‑denominated stablecoins in institutional finance,” AllUnity said in an emailed statement. “Solana’s speed and scalability make it a natural environment for euro‑backed settlement and cross‑border payments.”
On Solana, EURAU can settle in seconds with minimal fees, enabling businesses and developers to move euros on‑chain for use cases such as instant payments, trading, lending, and fund management. Partners including Bullish (owner of CoinDesk), Privy, Hercle, and Transak are preparing to integrate EURAU on Solana for payments, trading, and fiat onramps.
Institutional DeFi and Euro Liquidity
The Solana deployment is also seen as a gateway for institutional‑grade DeFi activity in euros. Historically, most DeFi protocols have relied on dollar‑pegged stablecoins such as USDC or USDT; EURAU’s presence on Solana introduces euro‑denominated liquidity into that ecosystem.
“AllUnity’s expansion to Solana opens new use cases for euro‑denominated stablecoins,” said one industry analyst, speaking on condition of anonymity. “Institutional investors can now access euro‑backed liquidity for lending, borrowing, and trading without leaving the blockchain, which is a meaningful step toward mainstream DeFi adoption in Europe.”
AllUnity’s backers—DWS, Flow Traders, and Galaxy—have positioned EURAU as a “new stable standard” for euro liquidity, combining regulatory compliance with multi‑chain interoperability. The company has already listed EURAU on multiple networks and liquidity venues, including the Stellar network and major decentralized exchanges, and continues to pursue additional listings and partnerships.
Broader Market Context
The EURAU‑on‑Solana announcement comes amid a broader surge in euro‑denominated stablecoin activity. The euro stablecoin market has roughly doubled since early 2025, driven by demand from regulated institutions, payment providers, and corporate treasuries seeking efficient, on‑chain settlement rails.
By extending EURAU to Solana, AllUnity joins a growing cohort of stablecoin issuers that are multi‑chaining their tokens to meet the needs of a fragmented but rapidly expanding ecosystem. The move underscores a trend in which traditional finance players increasingly view public blockchains not as speculative arenas but as infrastructure layers for global payments and liquidity management.
AllUnity did not disclose exact transaction volumes for EURAU on Solana at time of launch, but industry data suggest that euro‑denominated stablecoins are gaining traction across both Ethereum‑based and high‑throughput chains. The company reiterated that its multi‑chain strategy and MiCA‑aligned compliance framework are designed to “drive broader adoption in both finance and corporate payments.”
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