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Crypto
AllUnity launches Swedish krona stablecoin SEKAU
AllUnity has launched SEKAU, a Swedish krona-pegged stablecoin issued as an e-money token under the European Union’s MiCA crypto regulatory framework, Cointelegraph reported on June 19. The token is backed by segregated Swedish krona reserves and is pegged 1:1 to those reserves, the company said. SEKAU targets inter-institution payments and cross-border remittances and is launching across five blockchain networks.
Crypto
AllUnity to issue SEKAU Swedish krona-pegged stablecoin
AllUnity, a European regulated stablecoin issuer backed by DWS, Flow Traders and Galaxy, will issue SEKAU, a stablecoin pegged to the Swedish krona. SEKAU will be backed 1:1 by Swedish krona reserves and issued as a regulated e-money token under the EU’s Markets in Crypto-Assets Regulation (MiCA). Holders will have a legal right to redeem at par. The token is designed for institutions, fintechs and corporates, with a June launch planned.
Crypto
AllUnity expands euro stablecoin EURAU to Solana
AllUnity, a joint venture founded by DWS, Flow Traders and Galaxy Digital, has expanded its euro stablecoin EURAU to the Solana blockchain. EURAU was first launched on Ethereum in July last year and is issued under an electronic money framework that follows the European Union’s MiCA crypto rules, with 100 percent reserves. The company said adding Solana will speed up euro remittances and payments while lowering transaction costs.