AllUnity launches Swedish Krona stablecoin SEKAU

Odaily Planet Daily News: Digital asset company AllUnity has launched the Swedish Krona-backed stablecoin SEKAU. The token is issued under the EU's Markets in Crypto-Assets Regulation (MiCA) and operates as an electronic money token under MiCA.

SEKAU is backed by segregated Swedish Krona reserves and is designed for institutional settlement and cross-border payments. Banking Circle will hold and manage the reserves backing the token, with Sweden's Marginalen Bank supporting the launch as a banking partner, and Trust Anchor Group providing infrastructure integration.

SEKAU is initially available on five blockchain networks: Ethereum, Solana, Base, Tempo, and Polygon. AllUnity stated that it plans to expand SEKAU to more blockchain networks later in 2026. (Cointelegraph)