Germany’s AllUnity Launches BaFin-Regulated Euro Stablecoin EURAU

CN
coindesk
Follow
20 hours ago


AllUnity, a joint venture between DWS, Galaxy and Flow Traders, has launched EURAU, a euro-denominated stablecoin approved under Germany’s new crypto regulations.

EURAU is claimed to be the first euro-backed stablecoin to be issued under the EU’s Markets in Crypto-Assets Regulation (MiCAR) and licensed as electronic money by Germany’s BaFin. The token, issued on Ethereum as an ERC-20 asset, is designed for financial institutions, fintechs, and corporate clients needing regulated, instant cross-border euro payments.

AllUnity has partnered with a consortium of European banks to act as reserve custodians. This structure aims to satisfy regulators and institutions seeking transparency, supported by routine proof-of-reserve disclosures.

The token debuts with trading pairs BTC/EURAU and USDC/EURAU on Bullish Europe, a BaFin-regulated digital asset exchange. Flow Traders will provide liquidity as the market maker. (Bullish is also the owner of Coindesk.)

Backed by names like BitGo, Metzler Bank and Fireblocks, EURAU signals a broader push to embed regulated stablecoins into Europe’s financial infrastructure. AllUnity’s CEO, Alexander Höptner, called the launch a step toward “financial sovereignty” in a digital Europe.


免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

OKX:注册即返20%,全网最高返佣,不薅白不薅!
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink