AllUnity launches SEKAU, a MiCA-regulated Swedish krona stablecoin

AllUnity launched SEKAU, the first fully reserved Swedish krona stablecoin regulated under the EU's MiCA framework, available on five blockchains including Ethereum and Solana.

• SEKAU is backed 1:1 by segregated Swedish krona reserves and issued as a MiCA-compliant e-money token.
• The stablecoin launches on Ethereum, Solana, Base, Tempo and Polygon with plans for more networks.
• Banking Circle will hold and manage reserves, with Marginalen Bank as a banking partner.
• AllUnity already operates EURAU and CHFAU stablecoins, expanding its multi-currency stablecoin lineup.
• The launch fills a gap as Sweden's Riksbank has no stablecoin and its e-krona CBDC is a different product.

Coinporta summarises news for fast scanning. Full reporting belongs to the source.