AllUnity Launches Germany’s First Regulated Euro Stablecoin EURAU

AllUnity, a joint venture between DWS, Flow Traders, and Galaxy, has announced the launch of Germany’s first regulated, euro-denominated stablecoin. The stablecoin, named EURAU, has received an e-money institution (EMI) license from the Federal Financial Supervisory Authority (BaFin). This approval allows AllUnity to issue a stablecoin that is fully compliant with Europe’s Markets in Crypto Assets (MiCA) framework.

The EURAU stablecoin is designed to be 100% collateralized, ensuring that it maintains its value by being backed by an equivalent amount of euros. This feature, combined with institutional-grade transparency through proof-of-reserves and regulatory reporting, aims to provide a high level of trust and security for users. The stablecoin will facilitate 24/7 instant cross-border settlements, making it a valuable tool for regulated financial institutions, fintechs, Treasuries, and enterprise clients across Europe and beyond.

This development marks a significant step in the integration of digital assets into the traditional financial system. The EURAU stablecoin joins a growing list of euro-pegged tokens, including Circle’s EURC and Société Générale’s EURCV, which have emerged since the implementation of the MiCA framework. These stablecoins offer a stable and reliable means of conducting transactions in the digital currency space, aligning with regulatory standards to ensure compliance and security.

Alexander Höptner, CEO of AllUnity, emphasized the importance of securing the EMI license from BaFin. He stated that this license is not just a regulatory milestone but a foundational step towards building a secure, transparent, and compliant digital cross-border payment ecosystem for Europe and global markets. This initiative underscores the commitment of AllUnity and its partners to advancing the adoption of digital currencies while adhering to stringent regulatory requirements.