AllUnity, a joint venture founded by DWS, Flow Traders and Galaxy Digital, has expanded its euro stablecoin EURAU to the Solana blockchain.

According to a recent CoinDesk report, EURAU was first launched on Ethereum in July last year. It is issued under an electronic money framework that follows the European Union’s MiCA crypto regulations and is structured to hold 100 percent reserves. AllUnity said adding Solana will increase the speed of euro remittances and payments and lower transaction costs.

Using the Solana-based EURAU, companies and developers can move euros on-chain within seconds. Payment firms can process remittances to overseas contractors in real time instead of waiting days for bank transfers, AllUnity explained. It can also be used for trading, lending and cash management.

While dollar stablecoins dominate a $300 billion market, euro-pegged stablecoins have nearly doubled since early 2025 to about $1 billion.

French finance minister Roland Lescure (롤랑 레스퀴르) called for an expansion of euro stablecoins and asked EU banks to review tokenised deposits.

Peter Grosskopf (피터 그로스코프), AllUnity’s chief technology and operating officer, said demand for regulation-compliant euro stablecoins is rising rapidly and Solana’s speed and scalability are suited to an environment for institutional-grade payments and cross-border remittances.