Germany’s AllUnity Aims for SEK Stablecoin and Launches AI Payment System
TheTLDR
- AllUnity intends to introduce a Swedish krona-backed stablecoin named SEKAU, subject to regulatory clearance.
- The stablecoin will be issued in compliance with the European Union’s MiCA regulatory framework.
- AllUnity confirmed that Swedish krona reserves will fully collateralize the token.
- The company also unveiled Agentic Payments, a system for transactions executed by autonomous software agents.
- This payment solution enables businesses to receive funds directly into their local bank accounts.
(SeaPRwire) – AllUnity announced plans to launch a Swedish krona-backed stablecoin and expand into AI-driven payment infrastructure. The Frankfurt-based company aims for a June launch of the token, pending necessary approvals. It also introduced a new system tailored for transactions initiated by autonomous software agents.
AllUnity Targets Krona Stablecoin Under EU Rules
AllUnity revealed its new stablecoin, SEKAU, on Wednesday. The firm stated that Swedish krona reserves will fully back the digital asset.
SEKAU will be issued under the European Union’s Markets in Crypto-Assets (MiCA) framework. Final rollout is contingent upon regulatory and operational approvals.
Headquartered in Frankfurt and supervised by BaFin, AllUnity has previously launched stablecoins pegged to the euro and Swiss franc over the past year.
The startup is a joint venture supported by DWS, Flow Traders, and Galaxy Digital, which back its push into regulated cryptocurrency offerings.
CEO Alexander Höptner noted that Sweden is at the forefront of the transition to cashless payments. He emphasized that digital currencies must remain interoperable and accessible worldwide.
European companies are increasingly developing local-currency stablecoins across the region. Despite this, dollar-backed tokens still dominate the global stablecoin market, representing roughly 99% of it.
Earlier on Wednesday, banking consortium Qivalis broadened its euro stablecoin program, now encompassing 37 banks across 15 countries.
AI Agentic Payments System Enters Rollout
AllUnity also launched “Agentic Payments,” an infrastructure designed for AI-initiated transactions. The system allows businesses to accept payments from autonomous software agents.
The company explained that funds are settled directly into recipients’ local bank accounts. The service is aimed at companies offering digital services, content, and data online.
The platform leverages Coinbase’s x402 payment standard, which AllUnity said enables automated and programmable transactions.
CTO Peter Grosskopf stated that Europe requires regulated payment channels to support emerging use cases. He added that the platform allows businesses to implement agentic payments at scale.
Grosskopf also highlighted that the system can help companies create new revenue streams. He described AllUnity as a bridge for enterprises adopting blockchain-based payment solutions.
The firm has not disclosed transaction fees or the blockchain networks it supports. It also has not confirmed any merchant partnerships at launch.
AllUnity said it will share further details ahead of the planned June rollout. The company is awaiting final approvals for both the stablecoin and the payment system.
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