DWS, Flow Traders, and Galaxy-backed AllUnity launch Euro stablecoin EURAU

PA一线
PA一线
PANews reported on July 31st that AllUnity, backed by Deutsche Bank's DWS Group, Dutch market maker Flow Traders Ltd., and financial services provider Galaxy Digital Inc., announced Thursday the launch of the euro-denominated stablecoin EURAU. The token is issued on the Ethereum blockchain and fully collateralized by the reserves of several European banks, complying with the EU's regulatory framework for crypto assets. The Bullish Exchange will be its first listing platform. AllUnity CEO Alexander Höptner stated that while AllUnity is initially promoting its application in the cryptocurrency market, the ultimate goal is to make it a widely used payment method for large enterprises. AllUnity is currently in discussions with 30 companies, but did not disclose the names of these companies. Earlier this month, AllUnity obtained an electronic money institution license from the German Federal Financial Supervisory Authority (BaFin) under the European MiCA, and subsequently launched EURAU.
Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Telegram Discussion Group
Telegram News Channel
@PANews
Recommended Reading
PA一线

PA一线

Important information from last night and this morning (April 2nd - April 3rd)
PA一线

PA一线

A consortium of 12 European banks, in collaboration with Fireblocks, is developing the MiCA compliant euro stablecoin.
PA一线

PA一线

The French finance minister called for the development of a stablecoin for the euro and encouraged EU banks to explore tokenized deposits.
PA一线

PA一线

Stablecoin payment platform Confirmo receives approval and license from the Central Bank of Ireland.
PA一线

PA一线

Circle urges the EU to accelerate distributed ledger reforms and expand the application of stablecoin settlements.
PA一线

PA一线

OKX Card officially launched in Europe, pushing stablecoin payments into everyday scenarios.

Popular Articles

Industry News
Market Trends
Curated Readings
Subscribe
PANews App
24/7 blockchain news tracking and in-depth analysis.
Download PANews App
App StoreGoogle Play
PANews APP
OSL Chief Business Officer Eugene Cheung: Stablecoin payments urgently need a mature and compliant settlement layer.
PANews Newsflash