Stellar launches EURAU

Stellar said on April 13 that EURAU, a euro-backed stablecoin issued by AllUnity, is now live on its network. (stellar.org) A stablecoin is a digital token designed to hold a fixed price, usually by keeping matching reserves in a bank. AllUnity says EURAU is fully reserved, backed 1:1 by euros, and issued under a regulated framework. (allunity.com) AllUnity launched EURAU on July 31, 2025, after receiving an Electronic Money Institution license from Germany’s Federal Financial Supervisory Authority, known as BaFin, on July 1, 2025. The company says that made EURAU Germany’s first fully reserved, Markets in Crypto-Assets Regulation-compliant euro stablecoin. (allunity.com) The issuer is a joint venture of DWS, Flow Traders and Galaxy. Stellar said the new listing is aimed at banks, corporates, financial technology firms and payment providers that want euro-denominated settlement on a public blockchain. (stellar.org) The European Union’s Markets in Crypto-Assets Regulation, or MiCA, created a single rulebook for crypto-assets across the bloc. The European Securities and Markets Authority says the regime covers issuers and traders of crypto-assets, including e-money tokens such as euro stablecoins. (esma.europa.eu) That rulebook has tightened the market for stablecoins in Europe over the past year. The European Securities and Markets Authority said in January 2025 that national regulators should ensure crypto-asset service providers comply with MiCA rules for non-compliant asset-referenced tokens and e-money tokens no later than the end of the first quarter of 2025. (esma.europa.eu) Stellar already carried another euro stablecoin, Circle’s EURC, which went live on the network on September 26, 2023. Société Générale-FORGE also said in February 2025 that it would deploy its MiCA-compliant EUR CoinVertible, or EURCV, on Stellar. (stellar.org 1) (stellar.org 2) Stellar describes its network as payment-focused and says it supports 24/7 settlement for enterprises and institutions. In its April 13 announcement, the company cast EURAU as another source of regulated euro liquidity for cross-border payments and institutional settlement on that rails layer. (stellar.org 1) (stellar.org 2) AllUnity said EURAU on Stellar is meant to support businesses, financial technology firms and individual users seeking faster, lower-cost transfers. The immediate test is whether those users adopt it for real payment corridors rather than treating it as one more euro token on a growing list. (allunity.com)