Softstack Secures AllUnity’s MiCAR-Compliant Stablecoin

AllUnity partnered with Softstack to audit and secure its MiCAR-compliant euro stablecoin, ensuring regulatory-grade smart contract infrastructure for institutional finance.

Client

AllUnity

Project

Institutional stablecoin issuer

Industry 

Web3

Service

Smart Contract Audit

As Europe prepares for full MiCAR enforcement, AllUnity is leading the charge with a regulated, euro-backed stablecoin designed for financial institutions. To ensure this innovative system is secure, scalable, and regulator-ready, AllUnity partnered with Softstack to audit its entire smart contract suite.

“Partnering with Softstack has enabled us to validate the robustness of our smart contract framework and meet the high standards expected under MiCAR.” – Luis Schaubhut, Chief Of Staff AllUnity

AllUnity’s architecture includes modular contracts for token issuance, blacklist management, role-based access, and upgradeable deployments. During the audit, Softstack focused on:

🔍 Key Audit Focus Areas

  1. Regulatory Blacklist Enforcement
    Ensuring that sanctioned or restricted users can be effectively excluded from interacting with the stablecoin, as required by MiCAR and other regulatory frameworks. This includes proper role authorization and verifiable enforcement at the smart contract level.

  2. Secure and Controlled Upgrade Mechanism
    Validating that the upgrade process for smart contracts is secure, permissioned, and auditable. A critical requirement for e-money institutions subject to oversight and infrastructure governance standards.

  3. Separation of Duties for Sensitive Roles
    Auditing that administrative, minting, pausing, and compliance roles are segregated and assigned according to least-privilege principles, minimizing internal risk and aligning with financial compliance best practices.

  4. Integrity of the Stablecoin Lifecycle
    Verifying that token issuance, transfer restrictions, pausing, and burning are governed in line with regulated financial operations, ensuring predictable and transparent control over digital euro circulation.

  5. Operational Resilience and Efficiency
    Evaluating the contract design to minimize potential transaction bottlenecks or misuse scenarios, while ensuring gas efficiency and robustness, key for ensuring stability in high-volume institutional usage.

Key Findings and Resolutions

Here’s a summary of key findings and improvements of Softstack’s audit of AllUnity’s smart contract suite:

  • ✅ No Critical or High issues found

     

  • ⚠️ 2 Medium, 1 Low, and 2 Informational issues were identified and fixed

     

  • 🔐 Follow-up review confirms full remediation and secure deployment

     

This collaboration showcases the importance of audit-backed trust in regulated blockchain deployments. Softstack’s team ensured that AllUnity’s contracts meet the highest standards for on-chain euro issuance.

👉 Read the full audit report on Github

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