After Ethereum: Euro stablecoin EURAU launches on Polygon
- AllUnity, a joint venture between DWS, Flow Traders, and Galaxy, has announced the launch of its euro stablecoin EURAU on the Polygon network. Following its launch on Ethereum in July, the company aims to expand the reach and use cases of the stablecoin in the European financial sector.
- EURAU is fully MiCAR-compliant. With its connection to Polygon, the stablecoin is designed to be usable 24/7 for payments, tokenized assets, and DeFi and Web3 applications. The euro reserves are distributed across multiple banks and regularly audited.
- 21X, the first regulated exchange for tokenized assets, recently launched on Polygon. AllUnity offers EURAU as a stablecoin for settlement.
- “The expansion of EURAU on Polygon directly connects the euro stablecoin to one of the most important networks for tokenized capital markets,” said Alexander Höptner, CEO of AllUnity. This will enable companies and financial institutions to benefit from a scalable and sustainable blockchain that meets the growing demand for regulated infrastructure.
- According to AllUnity, further integrations with additional blockchains are planned for this year.
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