AllUnity, a joint venture backed by DWS, Flow Traders and Galaxy Digital (GLXY), is bringing its euro-backed stablecoin EURAU to the Solana blockchain, extending the token’s reach to high-speed networks typically used for payments and transactions.
EURAU, which debuted on Ethereum last July, has been fully retained and issued under a regulated e-money framework that complies with EU MiCA rules, the company said in an emailed statement. By adding Solana, AllUnity aims to provide faster settlement and lower transaction costs for euro-denominated transfers.
The setup allows businesses and developers to transfer Euros on-chain in seconds. For example, payments companies can send cross-border payments to contractors in real time without having to wait days for bank transfers, and the same mechanism can also support transactions, loans or financial management using stable euro units.
The move reflects growing interest in non-USD stablecoins, especially in Europe, where businesses seek digital assets that meet regulatory standards. While U.S. dollar tokens dominate the $300 billion stablecoin market, euro-pegged tokens have seen rapid growth, doubling since the start of 2025 to nearly $1 billion.
Standard & Poor’s predicts that the market size may reach 570 billion euros ($672 billion) by 2030. French Finance Minister Roland Lescure has called for the launch of more euro-denominated stablecoins and urged EU banks to explore tokenized deposits.
AllUnity also highlighted that demand for regulated euro stablecoins is rising and expansion across multiple blockchains could help drive wider adoption in financial and enterprise payments.
Peter Grosskopf, CTO and COO of AllUnity, said: “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.”
AllUnity said that multiple partners, including Bullish (owner of CoinDesk), Privy, Hercle and Transak, are preparing to use EURAU on Solana for payments, transactions and fiat onboarding.
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