AllUnity, supported by DWS and Galaxy, launches the euro stablecoin EURAU

ChainCatcher news, according to Bloomberg, the venture capital company AllUnity, supported by DWS Group of Deutsche Bank, Dutch market maker Flow Traders, and financial service provider Galaxy Digital, announced on July 31 the launch of Germany's first regulated euro stablecoin EURAU. This stablecoin is issued on the Ethereum blockchain and is fully collateralized by reserves from several European banks, complying with the EU's regulatory framework for crypto assets. Bullish exchange will serve as its initial listing platform.

AllUnity obtained an Electronic Money Institution (EMI) license from the German Federal Financial Supervisory Authority (BaFin) at the beginning of the month. EURAU will fully comply with the European Markets in Crypto-Assets (MiCA) framework, being 100% collateralized and providing institutional-level transparency through reserve proof and regulatory reporting. This stablecoin can be used for instant cross-border settlements around the clock, offering seamless integration for regulated financial institutions, fintech companies, and corporate clients in Europe and beyond.