E-money institute AllUnity has partnered with blockchain oracle network Chainlink to integrate the latter’s Cross-Chain Interoperability Protocol (CCIP). With this integration, AllUnity can now enable secure transfers of the EURAU stablecoin across multiple public blockchains using the Cross-Chain Token (CCT) standard.
EURAU, issued by AllUnity, is Germany’s first euro-backed stablecoin that is compliant with the Markets in Crypto-Assets regulation (MiCA). The firm claims in a press release that the integration with Chainlink CCIP transforms EURAU into a “truly multi-chain stablecoin” that meets institutional requirements for interoperability, data integrity, and regulatory compliance across multiple jurisdictions.
A requirement of institutional-grade interoperability is the maintenance of one-to-one parity of value and supply across supported networks. With CCIP’s burn-and-mint model, EURAU achieves this, while also enjoying the benefits of native, zero-slippage cross-chain transfers.
EURAU will first be natively issued across Arbitrum, Base, Ethereum, Optimism, Polygon and Solana. There are plans for further expansion into blockchain networks such as Canton.
AllUnity CEO Alexander Höptner describes the partnership as a milestone in building a secure, compliant, and truly interoperable financial infrastructure across Europe. Fernando Vazquez, president of Banking and Capital Markets at Chainlink Labs, echoes Höptner’s statement, calling the integration “a pivotal step” towards a unified, onchain, global financial system.
