AllUnity, a regulated European stablecoin issuer, is expanding its euro-pegged stablecoin, EURAU, through major decentralized exchanges (DEXs).
The company announced on Thursday that its EURAU stablecoin is entering liquidity pools in major DEXs, including Uniswap, currently the largest decentralized exchange by trading volumes.
The rollout includes two EURAU trading pairs, one against Tether USDt ($USDT) on Ethereum, and another at USDT0 – an omnichain version of $USDT – on the Tempo blockchain. It also includes the EURAU/$USDT torque on Solana via the Raydium DEX.
AllUnity’s DEX push comes as uncertainty remains over the extent to which decentralized finance (DeFi) falls within the scope of the European Union’s Markets in Crypto-Assets Regulation (MiCA) regime.
While DeFi is generally considered outside the scope of the framework, the European Central Bank last month questioned whether decentralized autonomous organizations are decentralized enough to remain outside MiCA’s regulatory perimeter.
AllUnity built EURAU under BaFin license
AllUnity will operate as a MiCA-compliant stablecoin issuer after obtaining an Electronic Money Institution license from the German Federal Financial Supervisory Authority (BaFin) in July 2025.
AllUnity launched EURAU on July 31, 2025. The token remains small in market capitalization compared to the largest euro stablecoins.
AllUnity has expanded the presence of its EURAU stablecoin on several exchanges, with listings on centralized exchanges (CEXs) such as Bullish and decentralized exchanges such as Aerodrome. Aerodrome became the first DEX integration for EURAU in December 2025.
Dollar stablecoins still dominate
The MiCA framework, which came into full effect at the end of 2024, is often seen as a tool to address the dominance of stablecoins pegged to the US dollar.
Some major issuers, including Tether, have openly criticized the framework and declined to seek compliance in the EU, citing concerns about its requirements, leading some compliant exchanges to delist. $USDT stable currency.
Some bank officials have since said that MiCA may not be enough to address the dominance of U.S. dollar-pegged stablecoins, which still represent 97% of the $316 billion global market, according to CoinGecko.
Related: The Bank of France calls for stricter MiCA limits for stablecoin payments
Because AllUnity’s DEX push also involves major US dollar-denominated stablecoins, it remains unclear how regulators will respond to these developments.
“Expanding EURAU liquidity across DEXs is an important step in building a robust and accessible euro liquidity layer,” said Rupertus Rothenhäuser, Managing Director of AllUnity, adding:
“We enable seamless euro-dollar trading, allowing institutions and liquidity providers to participate in deep, efficient markets.”
Cointelegraph contacted AllUnity for comment on potential conflicts with EU regulations, but did not receive a response at the time of publication.
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