US EditionGermany’s AllUnity Launches BaFin-Regulated Euro Stablecoin EURAU
9 Articles
9 Articles
DWS, Flow Traders and Galaxy-Backed Venture Launches Euro Stablecoin
A company backed by Deutsche Bank’s DWS Group, Dutch market maker Flow Traders Ltd. and financial services provider Galaxy Digital Inc. has issued a euro-denominated stablecoin, as competition in this increasingly regulated corner of the digital-asset market heats up.
"Eurau" is the first digital token established and regulated in Germany.
Germany Gets Its First MiCAR-Approved Euro Stablecoin With EURAU Launch - FinanceFeeds
A new euro-backed stablecoin called EURAU has launched in Germany, claiming the title of the country’s first fully MiCAR-compliant digital euro. The token, issued by AllUnity — a joint venture between DWS, Galaxy, and Flow Traders — is licensed as electronic money under BaFin, Germany’s financial regulator. Built on Ethereum, EURAU is aimed at financial institutions, fintech firms, and corporates looking for fast, regulated cross-border payments…
News Key Points A new euro-denominated stablecoin called EURAU has been launched by AllUnity, backed by DWS, Flow Traders and Galaxy Digital. Fully collateralized with reserves in multiple European banks, EURAU complies with the EU's crypto regulation under MiCA. AllUnity is looking for broad adoption, targeting corporate payment systems and listing the token first in the Bullish exchange. AllUnity, the joint venture supported by Deutsche Bank's…
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