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Germany's AllUnity plans Swedish krona stablecoin, pushes into AI agentic payments
TL;DR
AllUnity, a German stablecoin startup, plans to launch a Swedish krona-backed stablecoin called SEKAU by June, pending regulatory approvals. The company is also introducing 'Agentic Payments' for AI-driven transactions, utilizing Coinbase's x402 payment standard.
Key points
- AllUnity plans to launch SEKAU stablecoin backed by Swedish krona
- Launch is set for June, pending regulatory approvals
- Agentic Payments system enables AI-driven transactions
- European firms are reducing reliance on U.S. dollar-backed stablecoins
- AllUnity is backed by DWS, Flow Traders, and Galaxy Digital
Mentioned in this story
AllUnityDWSFlow TradersGalaxy DigitalSweden
Agentic PaymentsSEKAU
German stablecoin startup AllUnity, a joint venture backed by DWS, Flow Traders and Galaxy Digital (GLXY), plans to offer a Swedish krona-backed stablecoin while also rolling out new payment infrastructure for transactions carried out by AI agents.
The Frankfurt-based company said Wednesday that the stablecoin, dubbed SEKAU, will be fully-backed by krona reserves and issued under the European Union’s Markets in Crypto-Assets (MiCA) framework. The debut is planned for June, pending final regulatory and operational approvals.
"Sweden has long been a global leader in the transition toward a cashless economy, but that transition also requires a new form of digital money that is interoperable and globally accessible," AllUnity CEO Alexander Höptner said.
AllUnity also introduced "Agentic Payments," a payment system built for AI-driven transactions. The infrastructure allows businesses to accept payments initiated by autonomous software agents and settle funds directly into local bank accounts. The company said the system uses Coinbase's x402 payment standard and is aimed at businesses selling digital services, content and data online.
The news comes as European firms accelerate efforts to build local-currency stablecoin networks and blockchain payment systems that reduce reliance on U.S. dollar-backed tokens, which account for roughly 99% of the global stablecoin market. Earlier today, banking consortium Qivalis expanded its euro-pegged stablecoin initiative to 37 banks across 15 countries.
"Europe needs regulated, trusted rails built for this new reality," said AllUnity CTO and COO at AllUnity Peter Grosskopf. "AllUnity is the gateway for businesses in Europe enabling them to accept, settle, and operationalize agentic payments at scale, such as developing new revenue streams."
AllUnity is regulated by German watchdog BaFin, and has rolled out euro and Swiss franc-denominated stablecoins over the past year.
Read more: Non-dollar stablecoins are struggling to crack 0.5% of market share
Q&A
What is the SEKAU stablecoin and when will it launch?
SEKAU is a Swedish krona-backed stablecoin planned for launch in June, pending final regulatory and operational approvals.
How does AllUnity's Agentic Payments system work?
Agentic Payments allows businesses to accept payments initiated by AI agents, settling funds directly into local bank accounts using Coinbase's x402 payment standard.
Why are European firms focusing on local-currency stablecoins?
European firms are building local-currency stablecoin networks to reduce reliance on U.S. dollar-backed tokens, which dominate the global stablecoin market.
