AllUnity Expands Euro Stablecoin to Solana, Targets Faster Transfers
Germany-based AllUnity has expanded its euro-backed stablecoin, EURAU, to the Solana blockchain, aiming to enable faster and cheaper euro-denominated transfers. The move reflects growing interest in non-dollar stablecoins, especially in Europe, where firms seek digital assets that meet regulatory standards. EURAU, which debuted on Ethereum last July, is fully reserved and issued under a regulated e-money framework aligned with the European Union's MiCA rules.
The expansion to Solana is expected to offer faster settlement and lower transaction costs for euro-denominated transfers, allowing businesses and developers to move euros on-chain in seconds. This mechanism can support various use cases, including cross-border payouts, trading, lending, and treasury management using a stable euro unit. The euro stablecoin market has seen rapid growth, doubling since the start of 2025 to almost $1 billion, with the S&P projecting the market could reach 570 billion euros ($672 billion) by 2030.
AllUnity's CTO and COO, Peter Grosskopf, highlighted that demand for compliant euro stablecoins is rising, and expanding across multiple blockchains could help drive broader adoption in both finance and corporate payments. Several partners, including Bullish, Privy, Hercle, and Transak, are preparing to use EURAU on Solana for payments, trading, and fiat on-ramps. The development underscores the increasing importance of stablecoins in the digital asset landscape, particularly in regions like Europe where regulatory compliance is key.
The growth of euro stablecoins also aligns with calls from European regulators, such as French Finance Minister Roland Lescure, for more euro-denominated stablecoins and the exploration of tokenized deposits by EU banks. As the stablecoin market continues to evolve, the expansion of EURAU to Solana marks a significant step towards enhancing the efficiency and accessibility of euro-denominated transactions within the digital asset space.