Digital asset company AllUnity is launching SEKAU, a Swedish krona-backed stablecoin issued under the European Union's Markets in Crypto-Assets Regulation (MiCA).
The new token operates as an e-money token under MiCA, according to a statement shared with Cointelegraph on Friday. It is backed by segregated Swedish krona reserves and targets institutional settlement and cross-border payments.
The launch follows AllUnity’s Swiss franc stablecoin rollout, extending its multi-currency stablecoin strategy under the EU’s MiCA framework.
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