AllUnity Launches USD-Pegged Stablecoin USDAU for European Businesses
European stablecoin issuer AllUnity has launched its USD-pegged token USDAU, designed for European businesses. The token is backed by segregated reserves and offers 1:1 redemption at par through AllUnity's Business Mint Account.
The key feature of USDAU is its statutory right to redemption against AllUnity under Article 49 MiCAR. This means that holders have a guaranteed way to exchange their tokens for US dollars at face value.
USDAU is structured as an E-Money Token (EMT) and issued through a BaFin-licensed e-money institution within Europe's regulated framework. Banking Circle will provide reserve and transaction banking services for the dollar reserves, while Flowdesk serves as the designated liquidity provider.