Euro-Denominated Stablecoin EURAU Deployed for German Employee Benefits on Stellar

The euro-pegged stablecoin EURAU, issued by AllUnity, is now being used in a live employee benefits program in Germany via the Stellar blockchain. Zebec, which provides the distribution infrastructure for the program, announced the transition from a pilot phase to full operation on September 16. Employers allocate benefit funds through Zebec, which are then transferred as EURAU to employees' digital wallets on Stellar. This initiative marks the first European case of using a regulated stablecoin to digitize government-defined employee benefits, leveraging specific tax provisions under German income tax law. The program utilizes $ZBCN for payroll fee settlement and XLM for network fees.