Since the passing of the MiCA regulation, the EU crypto market has experienced a significant rise in compliant euro stablecoins. As a result, compliant stablecoins have seen a surge in their market share as most non-compliant ones exited. 

The MiCA-compliant stablecoin market cap exceeded $79 billion, with EURC and USDC leading the market. Amid this growth, euro-based stablecoins have attempted to challenge the dollar-dominated space.

As a result, regulated stablecoins such as AllUnity have positioned themselves to compete effectively by expanding across chains. 

AllUnity expands Euro liquidity across major chains

AllUnity announced the introduction of EURAU/USDT liquidity pools across all major decentralized exchanges. This move marks a major strategic shift for euro liquidity in the DeFi market. 

The recent initiative reflects a major challenge to dollar dominance and the embracing of multicurrency liquidity. 

Flowdesk supports the rollout and will provide liquidity across major pools, ensuring uninterrupted trading and market depth. 

In fact, AllUnity deployed trading pairs across major decentralized platforms, including Uniswap (Ethereum and Tempo) and Raydium (Solana). 

Each of these cross-chain integrations allows faster swaps of dollar and euro stablecoins. Even more so, the cross-chain setup allows a more connected digital space for both institutional and retail players. 

In doing so, it reduces fragmentation across DeFi while facilitating seamless liquidity movement across networks. Likewise, the addition of EURAU into the broader liquidity network also plays a major role in supporting diversified trading. 

EURAU/USDT Growth prospects amid surging stablecoin adoption

AllUnity emphasizes the need for expanding euro liquidity, especially now that crypto adoption is at an all-time high. 

In fact, stablecoin usage in the European Union has grown extensively, with euro-denominated stablecoins surpassing $465 million. The rapid growth has boosted stablecoins such as EURA, which have recently struggled to gain market acceptance.

EURA has seen usage surge, with adjusted transaction volume hitting 527k and 3k transactions per month. 

In light of this growth, AllUnity CCO Rupertus noted that, 

Expanding EURAU liquidity across DEXs is an important step in building a robust and accessible Euro liquidity layer.

As demand for EU-compliant, euro-based liquidity increases, the pools enable deployment of capital across chains. Moreover, these pools will ensure continuous liquidity and deeper market depth. 

The expansion will boost EURAU growth in market value, trading activity, and number of holders, positioning it as a key player in the Euro market share.

Final Summary

• AllUnity announces the introduction of EURAU/USDT liquidity pools across all major decentralized exchanges.
• AllUnity deployed trading pairs across major decentralized platforms, including Uniswap (Ethereum and Tempo) and Raydium (Solana).

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Author: Gladys Makena