Key facts
- AllUnity has launched a new US dollar-pegged stablecoin named USDAU.
- USDAU will maintain a 1:1 peg to the US dollar through segregated reserves.
- The token will debut on Ethereum, Solana, Base, Tempo, Arc, and Polygon.
- AllUnity already issues euro-backed EURAU, Swiss franc-backed CHFAU, and Swedish krona-backed SEKAU stablecoins.
- EURAU has a market capitalization of roughly $400,000, and CHFAU's is about $45 million.
- US dollar-pegged tokens account for over 99% of the global stablecoin market.
European stablecoin issuer AllUnity has launched its fourth fiat-backed stablecoin, USDAU, which is pegged to the US dollar. The new token aims to expand the company's MiCA-regulated digital asset offerings, which already include stablecoins for the euro (EURAU), Swiss franc (CHFAU), and Swedish krona (SEKAU). USDAU will maintain its 1:1 peg through segregated reserves and will be available on multiple blockchains, including Ethereum, Solana, Base, Tempo, Arc, and Polygon. AllUnity's existing EURAU stablecoin has a market capitalization of approximately $400,000, while CHFAU's is around $45 million. The launch occurs amid ongoing discussions among European policymakers regarding the dominance of dollar-pegged stablecoins in the global market. According to CoinGecko, these tokens represent over 99% of the approximately $291 billion global stablecoin market. In June, the European Central Bank expressed concerns that increased use of dollar stablecoins in European tokenized finance could heighten dependence on the dollar and diminish the euro's international role.