European stablecoin issuer AllUnity is expanding its digital asset lineup with the launch of USDAU, a new stablecoin pegged to the US dollar. The introduction of USDAU follows the company's existing MiCA-regulated stablecoins tied to European currencies.
According to AllUnity's Wednesday announcement, the token will maintain a 1:1 peg to the US dollar backed by segregated reserves. USDAU is set to debut across multiple blockchain networks, including Ethereum, Solana, Base, Tempo, Arc, and Polygon.
AllUnity operates under the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. The firm's existing stablecoin offerings include EURAU backed by the euro, CHFAU backed by the Swiss franc, and SEKAU backed by the Swedish krona. Data from CoinGecko indicates that EURAU holds a market capitalization of approximately $400,000, while CHFAU stands at about $45 million.
The new product rollout arrives amidst ongoing discussions among European policymakers regarding the dominance of dollar-pegged tokens. CoinGecko data shows that US dollar-pegged tokens currently account for over 99% of the roughly $291 billion global stablecoin market capitalization.
In June, the European Central Bank issued a warning that increased adoption of dollar-pegged tokens within European tokenized finance could deepen financial dependence on the US dollar and potentially weaken the international role of the euro.
