AllUnity in Germany extends its euro stablecoin EURAU to Solana.

AllUnity, a joint venture backed by DWS, Flow Traders, and Galaxy Digital, announced the expansion of its Euro stablecoin EURAU, compliant with the EU's MiCA regulatory framework, to the Solana blockchain network. This expansion aims to improve the efficiency of on-chain Euro transfers and support compliant financial applications. EURAU, first launched on Ethereum last July, is 100% backed by reserves and issued under the EU's electronic money regulatory framework. With this integration into Solana, AllUnity hopes to leverage its high-performance network to achieve faster settlement speeds and lower transaction costs, enabling businesses and developers to complete on-chain Euro transfers within seconds. This mechanism can be widely applied to scenarios such as cross-border payments, transaction settlement, lending, and corporate fund management. For example, payment companies can make payments to overseas contractors in real time, without waiting for traditional bank transfers to take several days. (CoinDesk)