AllUnity announced today the expansion of its euro-pegged stablecoin EURAU across multiple blockchains through Chainlink’s Cross-Chain Interoperability Protocol (CCIP), according to an official statement. The initiative, backed by Deutsche Bank and asset manager DWS, aims to enhance EURAU’s accessibility within Europe’s regulated digital finance ecosystem.
Multichain Rollout to Enhance Accessibility and Use Cases
The move will enable EURAU to operate on Ethereum, Arbitrum, Base, Optimism, Polygon, and Solana, with plans to integrate the institutional-focused Canton Network. AllUnity stated that the multichain rollout seeks to facilitate cross-border payments, on-chain treasury operations, and settlement for enterprises under the EU’s MiCA regulatory framework. Market observers note that the entry of major financial institutions into tokenized euro liquidity may accelerate Europe’s on-chain finance adoption, particularly for B2B and fintech integrations.
Future Updates Expected on Banking Rails and Pilots
AllUnity said further updates on banking rails and institutional pilots will be shared in the coming weeks as the deployment phases progress.
The information presented in this article is for informational purposes only and should not be interpreted as investment advice. The cryptocurrency market is highly volatile and may involve significant risks. We recommend conducting your own analysis.