Germany Launches New Regulated Euro Stablecoin EURAUGermany now has a fully regulated euro stablecoin. AllUnity, a joint venture backed by DWS (Deutsche Bank?s asset manager), Galaxy and Flow Traders, has launched EURAU, described as the country?s first MiCA-compliant euro token issued under a BaFin e-money institution (EMI) license. The ERC-20 asset is designed for banks, fintechs and corporates that need instant, regulated euro settlement on-chain.
CoinDesk, which first reported the launch, said EURAU will debut with BTC/EURAU and USDC/EURAU trading pairs on Bullish Europe, where Flow Traders will provide liquidity as market maker. (Bullish owns CoinDesk.) The issuer positions EURAU as Germany?s first euro stablecoin licensed by BaFin and issued in full compliance with the EU?s Markets in Crypto-Assets Regulation (MiCAR).
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