AllUnity launches USDAU, a MiCA regulated dollar stablecoin on six chains
Image: CointelegraphAllUnity 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
- USDAU keeps a 1:1 peg to the US dollar through segregated reserves
- The token debuts across six networks, including Ethereum, Solana, Base and Polygon
- AllUnity already issues euro, Swiss franc and Swedish krona backed stablecoins under MiCA
- 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
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
- First reported by Cointelegraph
- Also reported by Crypto.news
- CryptoVideos brief published
- 1 more publisher added to sources
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