AllUnity, a German stablecoin issuer backed by DWS, Flow Traders, and Galaxy Digital, expanded its EURAU euro stablecoin to the Solana blockchain on April 30, 2026. The move enables faster, cheaper euro-denominated transfers for cross-border payments, trading, and treasury management within a fully regulated framework aligned with the European Union’s Markets in Crypto Assets (MiCA) regulation.
Why Solana for Euro Stablecoins
EURAU launched on Ethereum in July 2025 as a fully reserved e-money instrument. The expansion to Solana reflects growing institutional demand for non-dollar stablecoins in Europe. Peter Grosskopf, CTO and COO of AllUnity, stated: “As demand for compliant euro stablecoins accelerates, Solana’s speed and scalability make it a natural environment for institutional-grade settlement and cross-border payments.” The euro stablecoin market has doubled since early 2025, reaching approximately €1 billion in total supply.
Market Growth and Regulatory Tailwinds
The broader euro stablecoin market is expanding rapidly. S&P projects the market will reach €570 billion ($672 billion) by 2030, up from the current €1 billion baseline. French Finance Minister Roland Lescure has publicly called for more euro-denominated stablecoins and urged EU banks to explore tokenized deposits. These regulatory signals have accelerated institutional interest in compliant euro settlement infrastructure. EURAU’s MiCA compliance positions it as a settlement tool for treasury departments, trading desks, and cross-border contractors requiring real-time euro transfers.
Institutional Use Cases and Partners
AllUnity has partnered with Bullish, Privy, Hercle, and Transak to integrate EURAU across trading, custody, and payment rails. Specific use cases include real-time cross-border contractor payouts, lending protocols, and institutional treasury management. The Solana expansion targets lower-cost settlement compared to Ethereum Layer 1, though exact transaction cost savings have not been quantified. These partnerships signal institutional-grade adoption rather than retail speculation.
What Comes Next
The timeline for full partner integration across Bullish, Privy, Hercle, and Transak remains unclear. Market observers will watch adoption metrics and trading volumes on Solana against EURAU’s existing Ethereum footprint. The expansion occurs as regulators across Europe signal openness to tokenized euro infrastructure, creating a multi-year runway for market growth.
