German stablecoin startup AllUnity launches US dollar stablecoin USDAU

BlockBeats news, September 30 - AllUnity, a stablecoin issuer regulated under the EU's MiCA framework, has announced the launch of the US dollar stablecoin USDAU, maintaining a 1:1 peg to the US dollar through segregated reserves, with initial issuance on Ethereum, Solana, Base, Tempo, Arc, and Polygon.

This is AllUnity's fourth fiat stablecoin, following the euro EURAU, Swiss franc CHFAU, and Swedish krona SEKAU. AllUnity CEO Alexander Höptner stated that USDAU aims to bring US dollar liquidity into the European regulatory framework, providing European businesses with a US dollar settlement tool for global trade and cross-border payments. (Cointelegraph)