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Germany's AllUnity extends the euro stablecoin EURAU to Solana
Mars Finance News: The joint venture AllUnity, supported by DWS, Flow Traders, and Galaxy Digital, announced that it will expand its euro stablecoin EURAU, which complies with the EU MiCA regulatory framework, to the Solana blockchain network in order to enhance the efficiency of euro transfers on-chain and support compliant financial applications. EURAU was first launched on Ethereum in July last year, operates with 100% reserve backing, and is issued in accordance with the EU electronic money regulatory framework. After integrating with Solana, AllUnity aims to leverage its high-performance network to achieve faster settlement speeds and lower transaction costs, enabling businesses and developers to complete euro on-chain transfers within seconds. This mechanism can be widely applied in scenarios such as cross-border payments, transaction settlement, lending, and corporate fund management. For example, a payment company can make real-time payments to overseas contractors without having to wait for traditional bank transfers to arrive after several days.