AllUnity, a joint venture backed by DWS, Flow Traders and Galaxy Digital (GLXY), took its euro-backed stablecoin, EURAU, to the Solana blockchain, extending the token’s reach to a high-speed network often used for payments and commerce.
EURAU, which debuted last July on Ethereum, is fully reserved and issued under a regulated e-money framework aligned with the EU’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 euro onchain in seconds. For example, payment companies could send cross-border payments to counterparties in real time instead of waiting days for bank transfers, and the same mechanism could also support trading, lending or liquidity management using a stable euro unit.
The move reflects growing interest in non-dollar stablecoins, particularly in Europe, where companies are seeking digital assets that meet regulatory standards. While US dollar tokens dominate the $300 billion stackcoin market, euro-pegged tokens have seen rapid growth, doubling since the start of 2025 to nearly $1 billion.
S&P expected the market to reach 570 billion euros ($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 can help drive wider adoption in both finance and business payments.
“As demand for compatible 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, trading and fiat onramps.
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