AllUnity, a regulated European stablecoin issuer, is expanding distribution of its euro-pegged token EURAU onto major decentralized exchanges. The company said Thursday that it has added EURAU liquidity pools on leading DEXs, including Uniswap — currently the largest decentralized exchange by trading volume.
The rollout introduces two new trading pairs: EURAU/USDT on Ethereum (paired with 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 push into decentralized liquidity comes amid lingering questions about how DeFi fits under the European Union’s Markets in Crypto‑Assets Regulation (MiCA). While many DeFi activities are generally viewed as outside MiCA’s remit, the European Central Bank has raised concerns that some decentralized autonomous organizations may not be sufficiently decentralized to avoid regulation.
AllUnity operates as a MiCA‑compliant issuer after obtaining an Electronic Money Institution license from Germany’s Federal Financial Supervisory Authority (BaFin) in July 2025. The company launched EURAU on July 31, 2025; its market capitalization remains modest compared with the largest euro‑pegged stablecoins.
The issuer has been broadening access to EURAU across both centralized and decentralized venues. It is already listed on centralized platforms such as Bullish, and Aerodrome was EURAU’s first DEX integration in December 2025.
MiCA, which took full effect in late 2024, has been promoted as a way to strengthen the euro’s role in stablecoin markets and counterbalance dominance by US‑dollar‑pegged tokens. Some major issuers, including Tether, criticized the framework and chose not to seek EU compliance, a decision that prompted certain compliant exchanges to delist USDT. Observers in banking and policy circles warn MiCA alone may not overturn the market concentration: US‑dollar‑pegged stablecoins still account for roughly 97% of the $316 billion stablecoin market, according to CoinGecko.
Because AllUnity’s DEX expansion pairs EURAU with prominent US‑dollar stablecoins, potential regulatory reactions remain uncertain. “Expanding EURAU liquidity across DEXs is an important step in building a robust and accessible euro liquidity layer,” AllUnity executive Rupertus Rothenhäuser said, noting the move facilitates seamless euro–dollar trading and allows institutions and liquidity providers to access deeper, more efficient markets.
Cointelegraph reached out to AllUnity for comment on any regulatory conflicts but had not received a response at the time of publication.
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