AllUnity has launched SEKAU, a new stablecoin backed by the Swedish krona. The token operates under the European Union's MiCA framework and targets institutional users.
AllUnity has introduced SEKAU as a Swedish krona-backed stablecoin. It maintains a one-to-one backing with SEK reserves.
The stablecoin complies with MiCA rules for crypto assets. It focuses on institutional cross-border payments.
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Tether and the Government of Georgia have announced plans to launch GEL₮, a stablecoin tied to the Georgian lari. The May 25 announcement positions the token as the official stablecoin of Georgia under the country's digital asset framework.
Germany-based AllUnity has launched its MiCA-compliant euro stablecoin EURAU on the Solana blockchain. The expansion targets faster and cheaper euro transfers for businesses and developers. This move coincides with rapid growth in the euro stablecoin market.
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Three of Japan's biggest banks announced plans to jointly issue a stablecoin by March 2027. MUFG, SMBC and Mizuho will form a council to develop the necessary frameworks.
Movement announced it has secured access to licensed payment systems in the US, Canada and European Union. The blockchain project is shifting focus to stablecoin-based payments and remittances.
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EU finance ministers and the ECB discussed ways to bolster euro-denominated stablecoins during a meeting in Nicosia last week. Officials expressed concerns that dollar-backed tokens could weaken European banks and monetary policy control. The ECB rejected proposals for relaxed liquidity rules or central bank backstops.
The European Commission is inviting feedback on the Markets in Crypto-Assets regulation, known as MiCA.
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Crypto platform Wenia, from Grupo Cibest, announced Usdw, a new digital asset replacing Usdc with 1:1 parity to the US dollar. The transition will be automatic and free for users. All existing operations will remain unchanged.