AllUnity, a joint venture backed by DWS, Flow Traders and Galaxy Digital (GLXY), brought its euro-backed stablecoin, EURAU, to the Solana blockchain, expanding the token’s reach to a high-speed network often used for payments and transactions.
EURAU, which debuted last July on Ethereum, is fully reserved and issued under a regulated electronic money framework aligned with the European Union’s MiCA rules, the company said in an emailed statement. By adding Solana, AllUnity aims to offer faster settlement and lower transaction costs for euro-denominated transfers.
The setup allows companies and developers to move euros up the chain in seconds. Payments companies, for example, could send cross-border payments to contractors in real time instead of waiting days for bank transfers, and the same mechanism can also support trading, lending or treasury management using a stable euro unit.
The move reflects growing interest in non-dollar stablecoins, especially in Europe, where companies are seeking digital assets that meet regulatory standards. While US dollar tokens dominate the $300 billion stabelcoin market, euro-pegged tokens have seen rapid growth, doubling since early 2025 to nearly $1 billion.
S&P projected the market could reach €570 billion ($672 billion) by 2030. French Finance Minister Roland Lescure called for more euro-denominated stablecoins and urged EU banks to explore tokenized deposits.
AllUnity also highlighted that demand for regulated euro stablecoins is increasing and that expansion across multiple blockchains could help drive broader adoption in both corporate finance and payments.
“As demand for supported euro stablecoins accelerates, Solana’s speed and scalability make it a natural environment for institutional-grade settlement and cross-border payments,” said Peter Grosskopf, CTO and COO of AllUnity.
AllUnity said several partners, including Bullish (owner of CoinDesk), Privy, Hercle, and Transak, are preparing to use EURAU on Solana for payments, transactions, and fiat access.
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