AllUnity partners with Projective Group to bring its Euro stablecoin into Corporate Treasury

AllUnity, the issuer of a Euro-denominated stablecoin, has announced a partnership with Projective Group.

Founded by DWS, Flow Traders, and Galaxy, AllUnity is a regulated e-money institute that issues EURAU, a fully reserved Euro-denominated stablecoin designed to offer instant, 24/7 settlement across borders and blockchain networks. The German company aims to bridge traditional finance and digital markets, giving banks, fintechs and large corporates a compliant way to move euro liquidity on-chain.

Key use cases for AllUnity’s services include next-generation financial services, real-time treasury operations, tokenised asset settlement, and machine-to-machine payments.

The partnership with Projective Group will see the two companies bundle their expertise to advise large and mid-sized corporates on how they can leverage stablecoins to improve their treasury, payments, and financial operations. Projective Group will advise clients on payment platform transformation, custodian selection, and regulatory compliance, while AllUnity will provide its on-chain euro payment infrastructure.

“This collaboration marks a major step toward making AllUnity’s euro stablecoin a functional part of the corporate treasury toolkit. Together with Projective Group, we will help enterprises unlock new efficiencies in global treasury operations, liquidity management, and cross-border payments, with measurable benefits in cost, speed, and automation,” said Alexander Höptner, CEO of AllUnity.

The aim is to accelerate the adoption of EURAU among Treasury departments of financial institutions and enterprises, who then use the stablecoin for their on-chain payments, liquidity management, and automated treasury operations.

Ralf Temporale, Managing Director and Country Head for Germany of Projective Group, said: “At Projective Group, we see stablecoins as a catalyst for the next wave of treasury transformation. By combining AllUnity’s regulated euro stablecoin with our expertise, we are enabling enterprises to move from theory to practice – embedding digital currency directly into their core systems.”

“This partnership is about more than technology; it’s about giving corporates the confidence to embrace stablecoins securely, compliantly, and with measurable impact on efficiency and liquidity management.”

Stablecoins?

Stablecoins are a type of cryptocurrency designed to offer price stability by pegging their value to an existing fiat currency – such as the dollar or euro – or to a commodity. This sets them apart from volatile cryptocurrencies like Bitcoin or Solana.

Today, the largest stablecoins are Tether (USDT), with a market capitalization of over $160 billion, and Circle’s USDC, valued at over $70 billion. Both are pegged to the US dollar. The euro market for stablecoins, by comparison, remains tiny. According to Bank of Italy data, euro-backed stablecoins total just $620 million, compared to nearly $300 billion in dollar-backed coins.

AllUnity is one of the parties attempting to build a real European alternative to the US-dominated stablecoin market. Another similar initiative is led by a consortium of nine banks.