EURAU Stablecoin By AllUnity Passes Softstack Audit
EURAU Stablecoin By AllUnity Passes Softstack Audit. Photo By Tai Bui On Unsplash.
AllUnity has passed a comprehensive smart contract audit for its euro-backed stablecoin EURAU, according to the company's newspage. Conducted by Softstack, an experienced cybersecurity and software development firm, the audit ensures that AllUnity's smart contract infrastructure meets the highest industry standards for security and compliance, particularly under the European Union's MiCA framework (Markets in Crypto-Assets) and regulations.
The audit focused on AllUnity's upgradeable architecture, which includes essential quality review and stress testing areas such as: blacklist enforcement, upgrade mechanisms, autonomy of sensitive roles, stablecoin lifecycle, and operational resilience and efficiency. Softstack identified no major critical issues and addressed two medium and one low-severity concerns - both of which were promptly fixed, confirming the overall resilience of the smart contract.
CTO & COO of AllUnity Peter Grosskopf expressed:
“Partnering with Softstack has enabled us to bring EURAU to market with the confidence that our smart contract framework meets the highest standards for safety and robustness.”
CEO of Softstack Yannik Heinze also agreed and remarked that:
“AllUnity sets a new benchmark for compliant e-euro issuance. We're proud to support them with rigorous security validation as they bridge institutional finance with blockchain rails."
The successful audit positions AllUnity to scale EURAU across European markets, facilitating secure and efficient digital transactions. This stablecoin aims to bridge traditional finance with blockchain technology, offering a fully regulated, euro-denominated payment solution for businesses making payments with the currency.
Note: This is intended for informational purposes only and does not in any way constitute or solicit financial, professional, or legal advice. Readers should conduct due diligence at all times.
This article has been partly researched and aggregated with the help of AI and does not pertain to be an exclusive story. For specific media and public information referenced, please find it below.
https://softstack.io/case-study/softstack-secures-allunitys-micar-compliant-stablecoin/
https://github.com/softstack/Smart-Contract-Security-Audits/tree/master/AllUnity
