Deutsche Bank and DWS-backed EURAU stablecoin goes multichain with Chainlink

AllUnity’s euro-pegged MiCA-compliant stablecoin, EURAU, is expanding across major blockchains using Chainlink’s CCIP protocol.

AllUnity’s euro-backed stablecoin, EURAU — a joint venture between Deutsche Bank and asset manager DWS — is expanding across multiple blockchains by using Chainlink’s crosschain infrastructure.

According to a Thursday announcement shared with Cointelegraph, EURAU will use Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to connect with Ethereum, Arbitrum, Base, Optimism, Polygon and Solana. The company said it also plans to extend the stablecoin to the Canton Network, a blockchain focused on institutional financial applications.

AllUnity CEO Alexander Höptner said the CCIP will allow EURAU to “operate seamlessly across multiple blockchains,” improving its reach and usability. Chainlink Labs’ president of banking and capital markets, Fernando Vazquez, added that the integration lays the groundwork for Europe’s next phase of tokenized finance.

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