AllUnity, a regulated European stablecoin issuer, is widening distribution of its euro-pegged token EURAU across major decentralized exchanges.
The firm announced Thursday that EURAU is being added to liquidity pools on leading DEXs, including Uniswap — currently the largest decentralized exchange by trading volume. The rollout introduces two EURAU trading pairs: EURAU/USDT on Ethereum (against Tether’s USDT) and EURAU/USDT0 — an omnichain version of USDT — on the Tempo blockchain. The expansion also includes an EURAU/USDT pool on Solana via the Raydium DEX.
The DEX push comes amid lingering uncertainty about how decentralized finance fits within the European Union’s Markets in Crypto-Assets Regulation (MiCA). While DeFi activities are generally viewed as outside MiCA’s scope, the European Central Bank recently questioned whether some decentralized autonomous organizations are sufficiently decentralized to remain excluded from the regulation.
AllUnity operates as a MiCA-compliant issuer after receiving an Electronic Money Institution license from Germany’s Federal Financial Supervisory Authority (BaFin) in July 2025. The company launched EURAU on July 31, 2025; the token’s market capitalization remains small relative to the largest euro stablecoins.
AllUnity has been steadily increasing EURAU’s exchange presence, listing on centralized platforms such as Bullish as well as decentralized venues. Aerodrome became EURAU’s first DEX integration in December 2025.
MiCA, which came fully into force in late 2024, has been presented as a mechanism to counterbalance the dominance of US-dollar-pegged stablecoins. Some major issuers, including Tether, have criticized the framework and opted not to pursue compliance in the EU, a stance that led some compliant exchanges to delist USDT. Observers in the banking sector have suggested MiCA alone may not be enough to curb the dominance of dollar-denominated stablecoins, which still account for roughly 97% of the $316 billion stablecoin market globally, according to CoinGecko.
Because AllUnity’s DEX expansion involves prominent US-dollar stablecoins, regulatory responses remain unclear. “Expanding EURAU liquidity across DEXs is an important step in building a robust and accessible euro liquidity layer,” AllUnity executive Rupertus Rothenhäuser said, adding that the move enables seamless euro–dollar trading and empowers institutions and liquidity providers to engage in deeper, more efficient markets.
Cointelegraph reached out to AllUnity for comment on potential conflicts with EU regulation but had not received a response at the time of publication.
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