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. 

 

 

Société Générale-FORGE (SG FORGE), the digital asset subsidiary of Société Générale, one of France’s largest multinational banks, has partnered with Consensys to bring its Markets in Crypto Assets Regulation (MICA)-compliant USD CoinVertible (USDCV) stablecoin into MetaMask.

 

The partnership, announced in a recent press release, will see USD CoinVertible (USDCV), one of the few regulated stablecoins issued by a major traditional bank, among the few shortlisted stablecoins available on MetaMask.

 

 

To appeal to all kinds of users, including retail and institutional users, the USDCV stablecoin is fully regulated and compliant, with full reserves and one to one backing to the US dollar. It is backed by cash and cash equivalents, with BNY Mellon serving as its reserve custodian.

 

Apart from helping bridge the gap between traditional finance and decentralized finance, the integration also creates a robust, secure, and transparent environment for users, including retail and institutional users looking to conduct blockchain transactions and decentralized finance interactions.

 

With support from global payments infrastructure company Transak, users will be able to perform on ramp and off ramp activities with the USDCV stablecoin within the MetaMask app, while also being able to trade crypto assets with it.

 

Speaking on the integration, Jean Marc Stenger, CEO of Société Générale FORGE, said the integration is aimed at accelerating the emergence of an interoperable financial system that combines the advantages of blockchain technology with the security and compliance of an European Union regulated stablecoin supported by one of Europe’s largest banks.

 

SG-FORGE Ramps Up its Crypto Efforts

Société Générale, through its digital asset subsidiary SG FORGE, has continued to bridge the gap between traditional finance and decentralized finance, integrating its EUR CoinVertible (EURCV) and USD CoinVertible (USDCV) stablecoins across different traditional finance and crypto ecosystems.

 

In January of this year, SG FORGE, in partnership with payments giant SWIFT, ran an interoperability test on SWIFT’s payment system, using its EURCV stablecoin as a means of exchange and for tokenized bond settlement, an experiment that was marked as successful.

 

In November last year, SG FORGE integrated its EURCV and USDCV stablecoins into the system of Deutsche Börse Group, one of the world’s leading financial market infrastructure providers. This integration enabled token based cash solutions, settlement, and a broader use of stablecoins at institutional grade, closing the gap between core crypto users and traditional capital markets.

 

SG FORGE stablecoin assets have been integrated across other blockchain infrastructures, including decentralized finance lending platform Morpho and decentralized exchange Uniswap. The EURCV and USDCV stablecoin assets have also been deployed on some layer-1 chains, notably Ethereum, Solana, XRP Ledger, and Stellar, supporting a wide variety of blockchain use cases.