AllUnity, the joint venture backed by DWS, Flow Traders and Galaxy Digital (GLXY), has expanded its euro-backed stablecoin EURAU onto the Solana blockchain, pushing the token onto a fast, low-cost network commonly used for payments and trading.
EURAU first launched on Ethereum in July last year. The issuer says the token is fully reserved and issued under a regulated e-money framework aligned with the EU’s Markets in Crypto Assets (MiCA) rules. By adding Solana, AllUnity intends to offer near-instant settlement and cheaper on-chain euro transfers, opening the door to faster corporate and consumer use cases.
Why it matters
- Faster, cheaper transfers: Solana’s throughput and low fees make real-time cross-border payouts and micro-payments more practical than traditional bank rails.
- Broader use cases: Businesses and developers can deploy EURAU for payments, trading, lending and treasury management, enabling euro-denominated transactions onchain in seconds.
- Institutional push: AllUnity says demand for regulated euro stablecoins is rising and that multi-chain availability can accelerate adoption across finance and corporate payments.
“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,” said Peter Grosskopf, AllUnity’s CTO and COO.
Partners and market context
AllUnity named several partners preparing to use EURAU on Solana, including Bullish (owner of CoinDesk), Privy, Hercle and Transak, for payments, trading and fiat onramps. The move also reflects wider interest in non‑dollar stablecoins: while dollar-pegged tokens still dominate the roughly $300 billion stablecoin market, euro-pegged tokens have rapidly expanded — doubling since the start of 2025 to nearly $1 billion. S&P has projected the stablecoin market could reach €570 billion ($672 billion) by 2030.
Regulatory momentum in Europe is also pushing the trend. French Finance Minister Roland Lescure has urged more euro-denominated stablecoins and called on EU banks to explore tokenized deposits, signaling support for regulated digital-euro alternatives.
Bottom line: AllUnity’s Solana expansion positions EURAU to compete in fast payments and trading use cases while aligning with European regulatory expectations — a combination likely to attract corporates and institutions looking for compliant, euro-denominated onchain liquidity.
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