In a strategic move, AllUnity, a joint venture supported by prominent investors including DWS, Flow Traders, and Galaxy Digital, has extended its euro-backed stablecoin, EURAU, to the Solana blockchain. This expansion enables the token to leverage Solana's high-speed network, commonly utilized for payments and trading.
Initially launched on Ethereum in July, EURAU is a fully reserved and regulated e-money framework compliant with the European Union's MiCA rules. By integrating Solana, AllUnity seeks to provide faster settlement and lower transaction costs for euro-denominated transfers. This setup allows businesses and developers to facilitate euro transactions on-chain in mere seconds.
For instance, payments firms can now send cross-border payouts to contractors in real-time, eliminating the need for prolonged bank transfers. The same mechanism also supports trading, lending, or treasury management using a stable euro unit. The growing interest in non-dollar stablecoins, particularly in Europe, where firms seek regulatory-compliant digital assets, has driven this expansion. While the US dollar dominates the $300 billion stablecoin market, euro-pegged tokens have experienced rapid growth, doubling in value since early 2025 to nearly $1 billion.
According to the S&P, the market is projected to reach 570 billion euros ($672 billion) by 2030. French Finance Minister Roland Lescure has emphasized the need for more euro-denominated stablecoins, encouraging EU banks to explore tokenized deposits. AllUnity has also noted the rising demand for regulated euro stablecoins and believes that expanding across multiple blockchains can drive broader adoption in finance and corporate payments.
As stated by Peter Grosskopf, CTO and COO of AllUnity, '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.' The company has announced that several partners, including Bullish, Privy, Hercle, and Transak, are preparing to utilize EURAU on Solana for various purposes such as payments, trading, and fiat on-ramps.