AllUnity has launched USDAU, a U.S. dollar-pegged stablecoin regulated under the European Union’s Markets in Crypto-Assets framework. The token maintains a 1:1 peg through segregated reserves and is available at launch on Ethereum, Solana, Base, Tempo, Arc and Polygon.

The Frankfurt-based firm, operating as a BaFin-licensed electronic money institution, already issues three other fiat-backed stablecoins: EURAU linked to the euro, CHFAU tied to the Swiss franc and SEKAU supported by the Swedish krona. USDAU becomes its fourth offering, extending the platform to a currency central to global trade and settlement.

Market Dominance and Policy Backdrop

U.S. dollar-pegged tokens account for more than 99 percent of the roughly $291 billion global stablecoin market by capitalization. That concentration has drawn attention from European policymakers concerned about the implications for the euro’s role in tokenized finance and digital payments.

In June the European Central Bank cautioned that wider adoption of dollar stablecoins in European tokenized finance could increase reliance on the dollar and diminish the euro’s standing. The European System of Central Banks has also examined aspects of MiCA’s rules for stablecoin issuers in light of potential links between redemptions and commercial bank funding conditions.

MiCA permits stablecoin issuance by credit institutions or electronic-money institutions. Non-bank issuers follow an asset-backed model, while banks typically rely on balance-sheet approaches. AllUnity positions USDAU within this regulated perimeter.

Höptner stated that USDAU places dollar liquidity under European supervisory oversight while giving European companies access to dollars for international trade and cross-border payments.

Issuance, Access and Instant FX

Eligible institutional clients that complete AllUnity’s onboarding can mint and redeem USDAU at par without fees through the company’s Business Mint Account. Supported exchanges and ecosystem partners will offer additional access routes. More blockchain networks are expected later this year.

Alongside the launch, AllUnity expanded the Business Mint Account with Instant FX capabilities. The feature allows institutional users to move value between the supported currencies—euro, Swiss franc, Swedish krona and now U.S. dollar—within a single regulated account, applying continuous settlement principles to foreign-exchange operations.

CFO Simon Seiter noted that the approach consolidates conversion, movement and redemption inside one platform, simplifying multi-currency operations for businesses.

Supporting Partners

Banking Circle will provide reserve and transaction banking services for the dollar reserves backing USDAU. Flowdesk has been appointed designated liquidity provider. Archax will act as a direct minting and redemption partner for institutional clients. Hercle will manage off-ramp and foreign-exchange services, including conversions between the stablecoin and fiat.

Additional support comes from Bitcoin Suisse, RULEMATCH, BitGo and Galaxy. BitGo already maintains a distribution relationship covering AllUnity’s existing euro, Swiss franc and Swedish krona tokens, enabling eligible clients to mint and redeem directly through the Business Mint Account.

USDAU is fully reserved and redeemable 1:1 at par. Market capitalization data for AllUnity’s earlier tokens show EURAU at roughly $400,000 and CHFAU at about $45 million, according to available figures.

The launch places a regulated European dollar stablecoin alongside the firm’s existing multi-currency offerings, giving institutional users a single MiCA-compliant platform for settlement, treasury and cross-border activity denominated in four major fiat currencies.