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.
AllUnity, a joint venture backed by DWS, Flow Traders, and Galaxy Digital, has extended its fully reserved EURAU stablecoin to Solana. Originally debuted on Ethereum last July, EURAU operates under a regulated e-money framework aligned with the EU's MiCA rules. The company aims to leverage Solana's high-speed network for quicker settlements and lower costs in euro-denominated transactions, according to an emailed statement from AllUnity. Businesses and developers can now move euros onchain in seconds for cross-border payments, trading, lending, and treasury management. Payments firms, for instance, could enable real-time payouts to contractors, bypassing multi-day bank delays. Peter Grosskopf, AllUnity's CTO and COO, stated: 'As demand for compliant euro stablecoins accelerates, Solana's speed and scalability make it a natural environment for institutional-grade settlement and cross-border payments.' The expansion reflects surging interest in euro-pegged stablecoins amid political support in Europe. Regulators and officials are promoting compliant digital assets and tokenized deposits. The euro stablecoin market has doubled since early 2025 to nearly $1 billion, while dollar tokens dominate the $300 billion overall market. French Finance Minister Roland Lescure has urged EU banks to explore more euro-denominated stablecoins. S&P projects the euro stablecoin market could reach 570 billion euros by 2030. Several partners, including Bullish, Privy, Hercle, and Transak, plan to integrate EURAU on Solana for payments, trading, and fiat onramps.
