Headline: AllUnity brings euro stablecoin EURAU to Solana as demand for non-dollar tokens heats up AllUnity — a joint venture backed by DWS, Flow Traders and Galaxy Digital (GLXY) — has launched its euro-backed stablecoin EURAU on the Solana blockchain, aiming to combine regulatory compliance with the high speed and low costs Solana offers. EURAU, which debuted on Ethereum in July last year, is fully reserved and issued under a regulated e-money framework aligned with the EU’s Markets in Crypto-Assets (MiCA) rules, the company said. By adding Solana, AllUnity expects faster settlement and cheaper on-chain euro transfers, making it more practical for payments, trading and institutional use. Why this matters: moving euros onchain in seconds - Businesses and developers can send euro-denominated value across chains in seconds instead of waiting days for bank rails. - Real-time cross-border payouts, trading, lending, treasury management and other corporate payments are now more feasible with a compliant euro unit that settles quickly. - Solana’s throughput and low fees make it a natural fit for payment flows and institutional-grade settlement, AllUnity’s CTO and COO Peter Grosskopf said. A broader market shift toward euro stablecoins The move comes as interest grows in non-dollar stablecoins, particularly in Europe where firms want assets that meet regulatory standards. While U.S. dollar tokens still dominate a roughly $300 billion stablecoin market, euro-pegged tokens have surged — doubling since the start of 2025 to nearly $1 billion. S&P projects the tokenized stablecoin market could reach €570 billion (about $672 billion) by 2030. French Finance Minister Roland Lescure has also urged more euro-denominated stablecoins and encouraged EU banks to explore tokenized deposits. Partnerships and next steps AllUnity said demand for regulated euro stablecoins is rising and that expanding across multiple blockchains can accelerate adoption in finance and corporate payments. Several partners — including Bullish (owner of CoinDesk), Privy, Hercle and Transak — are preparing to use EURAU on Solana for payments, trading and fiat onramps. The expansion to Solana positions EURAU to capture use cases that require speed and low fees while remaining within a regulated e-money framework — a combination increasingly attractive to European institutions and payments firms. Read more AI-generated news on: undefined/news