AllUnity, a joint venture supported by prominent financial institutions, has successfully integrated its euro-backed stablecoin, EURAU, into the Solana blockchain, expanding its reach to a high-performance network commonly utilized for payments and trading. Initially launched on Ethereum in July, EURAU is a fully reserved and regulated e-money framework-aligned token, compliant with the European Union's MiCA regulations.
By incorporating Solana, AllUnity seeks to provide faster settlement and lower transaction costs for euro-denominated transfers. This development enables businesses and developers to facilitate euro transactions on-chain in a matter of seconds.
For instance, payments firms can now execute cross-border payouts to contractors in real-time, eliminating the need for lengthy bank transfers. The same mechanism can also support trading, lending, and treasury management using a stable euro unit.
The expansion reflects the growing interest in non-dollar stablecoins, particularly in Europe, where firms are seeking digital assets that adhere to regulatory standards. While US dollar tokens dominate the $300 billion stablecoin market, euro-pegged tokens have experienced rapid growth, doubling since the start of 2025 to nearly $1 billion.
According to projections, the market could reach 570 billion euros ($672 billion) by 2030. The French Finance Minister has called for increased adoption of euro-denominated stablecoins, urging EU banks to explore tokenized deposits. AllUnity has highlighted the rising demand for regulated euro stablecoins and believes that expanding across multiple blockchains can drive broader adoption in both 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.' Several partners, including Bullish, Privy, Hercle, and Transak, are preparing to utilize EURAU on Solana for various purposes such as payments, trading, and fiat onramps.