AllUnity Partners with Privy to Bolster Euro Stablecoin Adoption in Europe

AllUnity, a regulated e-money institution backed by a consortium of financial giants, has joined forces with Privy, a Stripe-owned crypto wallet infrastructure provider, to enhance the accessibility of its euro-backed stablecoin, EURAU. This strategic alliance aims to integrate seamless, compliant digital euro payments into the operations of fintechs and enterprises across Europe and beyond, leveraging Privy’s robust wallet technology to facilitate modern financial solutions.

The partnership taps into the growing demand for stable, regulated digital currencies within the European Union, where traditional cross-border payments can be slow and costly. By embedding EURAU into Privy’s non-custodial wallet infrastructure, the collaboration enables businesses to offer efficient euro-based settlement options.

Fintech platforms and corporations can now integrate EURAU wallets directly into their payment, e-commerce, or money transfer applications, streamlining user onboarding and transaction processes. This setup supports instant pay-ins and pay-outs across Europe, including real-time QR code-based payments, which are particularly valuable for travelers and small businesses requiring quick, on-the-spot transactions.

AllUnity, established through a collaboration between DWS, Flow Traders, and Galaxy, operates under Germany’s stringent financial regulations, ensuring EURAU maintains a 1:1 peg with the euro, backed by reserves held in segregated accounts. This regulatory compliance aligns with the EU’s Markets in Crypto-Assets Regulation (MiCAR), which provides a framework for stablecoin issuers to operate transparently. EURAU holders benefit from a statutory redemption right at par value, as detailed in AllUnity’s white paper.

Privy, acquired by Stripe in 2025, brings extensive experience in crypto wallet infrastructure, supporting millions of accounts and processing significant transaction volumes for clients like Bitso and Hyperliquid. Its scalable technology enables developers to integrate secure, user-controlled wallets across various blockchain networks, making it a fitting partner for AllUnity’s ambitions to expand EURAU’s reach in digital finance.

A key feature of this integration is the ability for enterprises to optimize their treasury operations. Companies holding EURAU in their wallets can access decentralized finance opportunities to generate returns on idle funds, a practice increasingly popular among firms managing liquid assets in a low-yield environment.

Additionally, the partnership offers programmable treasury tools, allowing businesses to automate critical functions such as bill payments, bulk payouts, and compliance processes, all while maintaining adherence to regulatory requirements. The system also includes compliant pathways for converting EURAU to traditional fiat currencies or other stablecoin networks, supported by Privy’s network of liquidity providers.

“This partnership with Privy marks a significant milestone in the broader adoption of EURAU, empowering its seamless use for payments and capital management. Together, we’re making regulated euro stablecoins more accessible and functional for the next generation of digital finance,” said Alexander Höptner, CEO of AllUnity.

Privy’s CEO, Henri Stern, highlighted the unique focus of the collaboration: “Most stablecoin innovation globally has centered on the dollar. Working with AllUnity, we’re excited to bring EURAU into Privy wallets, making regulated euro payments seamless, programmable, and instantly accessible for fintechs and enterprises worldwide.”

The collaboration is poised to address practical challenges in Europe’s financial ecosystem, such as fragmented payment systems and high transaction fees, by offering a unified digital currency solution. For instance, QR code payments could simplify transactions for tourists navigating diverse national payment platforms, while automated treasury tools reduce administrative burdens for businesses managing cross-border operations. The partnership also reflects the EU’s broader push for digital financial sovereignty, providing an alternative to dollar-dominated stablecoin markets.

This initiative is expected to resonate with industries ranging from e-commerce to supply chain finance, where fast, cost-effective, and compliant payment solutions are critical. By combining AllUnity’s regulated stablecoin with Privy’s advanced wallet infrastructure, the partnership sets a foundation for broader adoption of euro-based digital payments, potentially influencing similar efforts in other regions.