European stablecoin issuer AllUnity launches USD stablecoin USDAU
Summary
AllUnity is launching USDAU, a new US dollar–pegged stablecoin backed by segregated reserves and debuting on Ethereum, Solana, Base, Tempo, Arc, and Polygon. The company already issues MiCA-regulated euro, Swiss franc, and Swedish krona stablecoins. The move comes as dollar-backed tokens dominate stablecoins globally, accounting for over 99% of a roughly $291 billion market. The launch also highlights European concerns that heavy reliance on dollar stablecoins could deepen dependence on the US dollar and weaken the euro’s role in tokenized finance.
