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Germany’s AllUnity expands EURAU to Solana as euro stablecoins gain traction
TL;DR
AllUnity has launched its euro-backed stablecoin, EURAU, on the Solana blockchain to enhance transaction speed and reduce costs. This move aims to meet the growing demand for euro stablecoins in Europe, which have doubled in value since early 2025.
Key points
- AllUnity launched EURAU on Solana for faster transactions
- EURAU is fully reserved and regulated under EU's MiCA rules
- Euro stablecoins have doubled in value since early 2025
- Market projected to reach 570 billion euros by 2030
- Growing interest in non-dollar stablecoins in Europe
Mentioned in this story
AllUnityDWSFlow TradersGalaxy DigitalSolanaEuropean UnionRoland Lescure
EURAU
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 trading.
EURAU, which debuted last July on Ethereum, is fully reserved and issued under a regulated e-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 businesses and developers to move euros onchain in seconds. Payments firms, for example, could send cross-border payouts 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 firms seek digital assets that meet regulatory standards. While U.S. dollar tokens dominate the $300 billion stabelcoin market, euro-pegged tokens have seen rapid growth, doubling since the start of 2025 to almost $1 billion.
The S&P projected the market could 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 rising, and that expanding across multiple blockchains could help drive broader adoption in both 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, 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.
Read more: Europe’s banks are going all in on crypto
Q&A
What is EURAU and how does it work on Solana?
EURAU is a euro-backed stablecoin launched by AllUnity, now available on the Solana blockchain for faster and cheaper euro transactions.
Why are euro stablecoins gaining popularity in Europe?
Euro stablecoins are gaining traction due to increasing demand for digital assets that comply with regulatory standards, especially as firms seek alternatives to U.S. dollar tokens.
What is the projected growth of the euro stablecoin market by 2030?
The euro stablecoin market is projected to reach 570 billion euros ($672 billion) by 2030, according to S&P forecasts.
