AllUnity’s euro-backed stablecoin, EURAU, is expanding across multiple blockchains using Chainlink’s Cross-Chain Interoperability Protocol (CCIP). EURAU will connect with Ethereum, Arbitrum, Base, Optimism, Polygon, Solana, and plans to extend to the Canton Network. This move allows for seamless operation across blockchains, enhancing reach and usability.

EURAU is a MiCA-compliant euro stablecoin backed by reserves, aimed at enterprise uses like B2B payments and onchain settlement. AllUnity’s focus on Europe stems from its collaboration between Deutsche Bank and DWS, both major German financial institutions. DWS manages 1.01 trillion euros in assets, while Deutsche Bank holds $1.647 trillion on its balance sheet.

AllUnity recently received regulatory approval from the German Federal Financial Supervisory Authority to issue the EURAU stablecoin in compliance with the MiCA framework. With a license in hand, AllUnity is set to launch the EURAU stablecoin by the end of July. This move cements their position in the stablecoin market and solidifies their presence in Europe’s stablecoin ecosystem.

Read more at Cointelegraph: Chainlink Brings Deutsche Bank And DWS’s EURAU Multichain