Privy, a Stripe-owned company, has announced a partnership with AllUnity to integrate its regulated euro-backed stablecoin, EURAU, into Privy's embedded wallet infrastructure. The collaboration is designed to make euro-denominated transactions more seamless and programmable for businesses.

This integration will enable companies to offer euro accounts within their applications, facilitate instant payouts, and automate treasury and bulk payment flows. By providing access to on/off-ramps and liquidity for a regulated euro stablecoin, the partnership aims to reduce friction and improve capital efficiency for businesses operating with the euro.

The move signals a growing focus on non-dollar-denominated stablecoins within the digital asset ecosystem. With AllUnity operating as a BaFin-licensed German e-money institution, the partnership emphasizes a compliant approach to expanding the use cases for stablecoins in Europe and beyond.