BTC $82,539.00 ▲ 0.86% ETH $2,438.96 ▲ 1.97% BNB $733.53 ▲ 1.27% XRP $1.32 ▲ 1.87% SOL $105.88 ▲ 1.70% TRX $0.3308 ▼ 0.09% FIGR_HELOC $1.02 ▼ 1.29% ZEC $1,192.98 ▲ 5.95% HYPE $79.86 ▲ 1.62% DOGE $0.0806 ▲ 2.01% XMR $620.04 ▲ 4.55% WBT $80.69 ▲ 1.04% LINK $12.20 ▲ 2.22% ADA $0.2217 ▲ 2.08%
55 Greed

AllUnity launches USDAU, a MiCA regulated dollar stablecoin on six chains

AllUnity launches USDAU, a MiCA regulated dollar stablecoin on six chains Image: Cointelegraph
Image via Cointelegraph.

AllUnity has launched USDAU, a US dollar backed stablecoin. It keeps a 1:1 peg through segregated reserves. The token debuts on Ethereum, Solana, Base, Tempo, Arc and Polygon. AllUnity is regulated under the EU's MiCA framework and already issues EURAU, CHFAU and SEKAU. Banking Circle will support reserves and transaction banking, and Flowdesk will provide liquidity. Eligible institutional clients can mint or redeem USDAU at par through AllUnity's Business Mint Account.

Key points

  1. USDAU keeps a 1:1 peg to the US dollar through segregated reserves
  2. The token debuts across six networks, including Ethereum, Solana, Base and Polygon
  3. AllUnity already issues euro, Swiss franc and Swedish krona backed stablecoins under MiCA
  4. Banking Circle will support USDAU reserves and transaction banking

Why it matters

USDAU adds a dollar token to a MiCA regulated issuer that so far covered European currencies. Dollar pegged tokens dominate the global stablecoin market, a dependence European policymakers have debated.

What's unclear

AllUnity did not respond to questions about Europe's reliance on dollar denominated stablecoins

Price context · ETH

At publication
$2,670.49
Now
$2,438.96
Change since
−8.67%
7 days

Sources · 3 publishers

Cointelegraph Tier 1 First report
European stablecoin issuer AllUnity launches USD stablecoin USDAU
Crypto.news Tier 2
What is USDAU? AllUnity launches MiCA compliant dollar stablecoin
Crypto Briefing Tier 2
Bank-backed AllUnity launches MiCA-compliant US dollar stablecoin USDAU

Coverage timeline

  1. First reported by Cointelegraph
  2. Also reported by Crypto.news
  3. CryptoVideos brief published
  4. 1 more publisher added to sources
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error

Related videos

Related briefs