European stablecoin issuer AllUnity has launched USDAU, a U.S. dollar-pegged stablecoin described as its fourth fiat-backed token. The company said USDAU maintains a 1:1 peg with the dollar through segregated reserves and is now live on Ethereum, Solana, Base, Tempo, Arc, and Polygon. AllUnity operates under the European Union’s Markets in Crypto-Assets Regulation, or MiCA. Before USDAU, it had already issued three other fiat-backed stablecoins: the euro-denominated EURAU, the Swiss franc-based CHFAU, and the Swedish krona-based SEKAU. The update was reported by Cointelegraph and carried by Odaily.
European stablecoin issuer AllUnity has launched USDAU, a U.S. dollar stablecoin that becomes the company’s fourth fiat-backed token.
AllUnity said USDAU keeps a 1:1 peg to the dollar through segregated reserves. The stablecoin is already live on Ethereum, Solana, Base, Tempo, Arc, and Polygon.
The company is regulated under the European Union’s Markets in Crypto-Assets Regulation, or MiCA. Before releasing USDAU, AllUnity had issued EURAU, a euro stablecoin, CHFAU, a Swiss franc stablecoin, and SEKAU, a Swedish krona stablecoin.
The development was reported by Cointelegraph.
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