AllUnity, a regulated European stablecoin issuer, is bringing EURAU, its Markets in Crypto-Assets compliant stablecoin, to major decentralized exchanges.

 

The announcement, made recently by the issuer, will see the introduction of AllUnity’s EURAU stablecoin in two trading pairs across multiple chains. These include the EURAU/USDT pair on the Ethereum and Solana blockchains via Uniswap and Raydium, as well as the EURAU/USDT0 trading pair on the Tempo blockchain via Uniswap.

 

To support this expansion initiative, Flowdesk, a regulated digital asset trading firm, will serve as the main liquidity provider for the EURAU rollout across the different decentralized exchanges. This move is expected to improve EURAU’s integration and utility in decentralized finance, enabling traders to swap between EURAU and USDT with reduced slippage.

 

According to Rupertus Rothenhäuser, Chief Commercial Officer at AllUnity, the expansion represents a key step toward building a robust and accessible euro liquidity layer. He added that it will enable seamless euro to dollar trading and empower institutions and liquidity providers to participate in deep and efficient markets.

 

Dollar-pegged stablecoins continue to dominate

Stablecoins tied to the U.S. dollar continue to maintain the largest share of the more than $320 billion stablecoin market cap. According to a report, USD pegged stablecoins make up about 99 percent of the total global stablecoin supply, with Tether’s USDT and Circle’s USDC being the largest by market cap.

 

Euro pegged stablecoins account for a small share of the global supply, with a market cap of about €450 million to approximately $1 billion, representing less than 0.3 percent of the total.

 

Despite remaining a niche segment of the crypto market, euro pegged stablecoins have seen some institutional adoption in recent months. In February this year, Société Générale, one of Europe’s largest banks, expanded its euro pegged EURCV stablecoin to the XRP Ledger and the Stellar blockchain.

 

In December last year, about twelve of Europe’s largest banks, including ING, UniCredit, BNP Paribas, and CaixaBank, formed Qivalis, a joint consortium to launch a euro pegged stablecoin. The consortium has engaged in regulatory dialogue with the Dutch National Bank and has entered advanced talks with cryptocurrency exchanges regarding the launch, which is expected this quarter.