Bitcoin News Today: As France Backs Bitcoin, Deutsche Bank's EURAU Builds Regulated Stablecoin Alternative in Europe

Deutsche Bank's EURAU stablecoin has expanded its reach across six major blockchains-Ethereum, Arbitrum, Base, Optimism, Polygon, and Solana-via Chainlink's Cross-Chain Interoperability Protocol (CCIP), marking a significant step in institutional-grade stablecoin adoption in Europe. The euro-pegged digital asset, developed by AllUnity, a joint venture between Deutsche Bank and asset manager DWS, now leverages CCIP to enable seamless cross-chain transactions, enhancing its utility for enterprise use cases like cross-border payments and on-chain treasury management .

The expansion, announced in late October 2025, underscores the growing integration of traditional finance and blockchain technology. EURAU is fully backed by euro reserves and complies with the EU's Markets in Crypto-Assets Regulation (MiCA), having received regulatory approval from Germany's Federal Financial Supervisory Authority (BaFin) in July 2025 . By connecting to multiple blockchains, EURAU aims to reduce fragmentation in Europe's digital finance ecosystem while adhering to strict regulatory standards. Chainlink's CCIP serves as a secure communication layer, allowing EURAU to transfer tokens and data across networks without compromising security or compliance .

Industry experts highlight the strategic implications of this move. Alexander Höptner, CEO of AllUnity, stated that CCIP enables EURAU to "operate seamlessly across multiple blockchains," improving its accessibility for enterprises. Meanwhile, Fernando Vazquez, Chainlink Labs' president of banking and capital markets, emphasized the initiative's role in advancing Europe's tokenized finance infrastructure, calling it foundational for the "next generation of digital assets" . The stablecoin's institutional backing-Deutsche Bank and DWS collectively manage over €2.7 trillion in assets-further reinforces its credibility in a market where trust and stability are paramount .

The expansion also aligns with broader trends in European fintech. As the European Central Bank prepares to finalize its digital euro project by year-end, EURAU's pro-crypto stance contrasts with France's recent decision to oppose the digital euro in favor of Bitcoin and euro-backed stablecoins. French lawmakers argue that centralized CBDCs threaten privacy and economic freedom, a sentiment that may influence regulatory debates across the continent, according to Yahoo Finance. EURAU's multichain approach, however, positions it as a regulated alternative to CBDCs, offering enterprises a compliant yet flexible tool for B2B settlements and treasury operations .

Looking ahead, AllUnity plans to integrate EURAU with the Canton Network, a blockchain tailored for institutional finance, further solidifying its role in tokenized real-world assets. With EURAU's cross-chain capabilities and MiCA compliance, the stablecoin is poised to accelerate Europe's transition to a digital financial ecosystem where traditional and blockchain-based systems coexist .