AllUnity Launches MiCA Compliant USD Stablecoin USDAU
AllUnity has launched its USD-backed stablecoin USDAU on six blockchain networks under the EU's MiCA framework. The stablecoin is fully backed by US dollar reserves and can be redeemed 1:1 at par, with issuance handled by AllUnity's BaFin licensed electronic money institution.
The launch of USDAU marks an expansion into a currency widely used for international trade and settlement. AllUnity CEO Alexander Höptner described the move as 'a major expansion of what AllUnity is building'.
AllUnity has paired the launch with Instant FX, allowing businesses to move between supported currencies using its stablecoin infrastructure. The service enables clients to mint supported currencies and move value between them through AllUnity's stablecoin rails within the same business account.