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European stablecoin issuer AllUnity said it plans to launch USDAU, a stablecoin pegged one-to-one to the U.S. dollar.
USDAU will be fully backed by segregated reserve assets and issued across six networks: Ethereum, Solana, Base, Tempo, Arkh, and Polygon. AllUnity is regulated under the European Union’s Markets in Crypto-Assets Regulation, or MiCA, and already issues the euro-denominated EURAU, Swiss franc-denominated CHFAU, and Swedish krona-denominated SEKAU. USDAU will be AllUnity’s fourth fiat-backed stablecoin.