tl;dr
A joint venture of Deutsche Bank's DWS, Flow Traders, and Galaxy is launching Germany's first regulated euro-denominated stablecoin called AllUnity EURAU, following BaFin's approval of an e-money institution license. The EURAU stablecoin will comply with the EU's MiCA framework, be fully collaterali...
A joint venture among Deutsche Bank's asset management unit DWS, Flow Traders, and Galaxy announced plans to launch Germany's first regulated, euro-denominated stablecoin. The AllUnity EURAU stablecoin follows the recent approval of an e-money institution (EMI) license from Germany's Federal Financial Supervisory Authority (BaFin), marking a significant milestone in European crypto regulation.
The EURAU token will fully comply with the European Markets in Crypto Assets (MiCA) framework and promises 100% collateralization. To assure institutional investors, it will offer proof of reserves and rigorous regulatory reporting, ensuring transparency and trust. The stablecoin aims to facilitate around-the-clock, instant cross-border settlements and integrate smoothly with regulated financial institutions, fintech companies, enterprise resource planning (ERP) systems, and treasury operations across Europe and globally.
Joining the growing field of euro-pegged stablecoins popularized since MiCA’s implementation, EURAU enters alongside competitors like Circle’s EURC and Société Générale’s EURCV. The broader market also includes MiCA-compliant dollar tokens such as SocGen's USDCV and Robinhood-backed Global Dollar USDG, reflecting a trend toward regulated digital currencies backed by established financial entities.
Alexander Höptner, CEO of AllUnity, emphasized the significance of receiving BaFin’s EMI license, describing it not just as a regulatory checkpoint but as a foundational step toward building a secure, transparent, and compliant digital payment ecosystem in Europe and beyond. This move highlights growing institutional trust in stablecoins as critical infrastructure for the future of cross-border financial transactions.