AllUnity and Chainlink Unite to Power Multi-Chain Euro Stablecoin in Europe

• AllUnity teams up with Chainlink to enhance cross-chain euro stablecoin payments.
• EURAU becomes Europe’s first fully MiCA-compliant, multi-chain stablecoin.
• Integration with Chainlink CCIP ensures secure, zero-slippage transfers across networks.
• Partnership strengthens Europe’s regulated framework for tokenized finance.

AllUnity, a regulated e-money institution backed by DWS Group, Flow Traders, and Galaxy, has entered a strategic partnership with Chainlink, the industry-standard oracle network. The collaboration aims to enable secure, interoperable, and institutional-grade stablecoin payments across Europe.

AllUnity, being the first to launch the euro-backed stable coin in Germany and MiCA-compliant as EURAU, has now integrated the Chainlink Cross-Chain Interoperability Protocol (CCIP). This makes EURAU a native multi-chain stable coin on major blockchains to facilitate seamless and high-speed transfers.

The EURAU token is expected to launch on the Arbitrum, Base, Ethereum, Optimism, Polygon, and Solana blockchains, to migrate to the Canton Network in the next phase. The EURAU token makes seamless and zero-slippage cross-chain transactions possible while ensuring full 1:1 collateralization and compliance with regulatory requirements through the use of Chainlink’s Cross-Chain Token (CCT) standard and the burn-and-mint process.

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Chainlink Partnership Strengthens Europe’s Tokenized Finance Ecosystem

While Europe is experiencing growth in the landscape of digital assets on different blockchains, there has been a rising concern about the fragmentation of liquidity. In this respect, there has been a collaboration between AllUnity and the leading oracle network to develop a standardized and compliant model for the transaction of stablecoins in euros.

Alexander Höptner, the CEO of AllUnity, has declared that the integration is an essential step on the way to the further development of regulated and interconnected on-chain payment solutions in Europe. He further announced that with the addition of networks to EURAU, transparency, compliance, and accessibility can be enhanced in the evolving tokenized finance space.

Fernando Vazquez, the President of Banking and Capital Markets at Chainlink Labs, further added: “This new alliance can serve as the foundation for establishing an on-chain global financial system where Europe can be one of the leaders in next-generation tokenized finance.”

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