Deutsche Bank & DWS Back EURAU's MiCA-Compliant Multichain Expansion

AllUnity's EURAU, a euro-pegged stablecoin compliant with the EU's Markets in Crypto-Assets (MiCA) regulation, has expanded its cross-chain capabilities using Chainlink's Cross-Chain Interoperability Protocol (CCIP). The move, announced in October 2025, enables EURAU to operate seamlessly on Ethereum, Arbitrum, Base, Optimism, Polygon, and Solana, with plans to integrate the institutional-focused Canton Network, according to a Cointelegraph report. This expansion aims to enhance EURAU's utility for enterprise applications such as B2B payments, treasury management, and on-chain settlements, according to Crypto Economy.

Backed by Deutsche Bank and asset manager DWS, EURAU is fully collateralized by euro reserves and licensed by Germany's Federal Financial Supervisory Authority (BaFin) under MiCA, as reported by Markets.com. The stablecoin's multichain deployment leverages Chainlink's CCIP to facilitate secure token transfers and data sharing between blockchains, reducing fragmentation in Europe's digital finance ecosystem, a point also noted by Cointelegraph. Alexander Höptner, CEO of AllUnity, emphasized that the integration "improves reach and usability," while Chainlink's Fernando Vazquez called it foundational for "the next generation of tokenized finance" in Europe, according to Coinotag.

The expansion aligns with broader regulatory efforts to establish a robust framework for stablecoins. MiCA, which took effect in late 2024, mandates transparency, reserve audits, and consumer protections for crypto assets, as explained by Positive Money. EURAU's compliance positions it as a credible alternative to dollar-dominated stablecoins like USDC and USDT, which account for 90% of the $250+ billion stablecoin market, the Positive Money analysis notes. However, challenges persist in the EU's regulatory landscape. Circle's Patrick Hansen recently warned of potential "dual licensing" burdens for stablecoin providers, as overlapping requirements under MiCA and the Payment Services Directive could create compliance complexities starting in March 2026, in a report by Yahoo Finance.

The strategic move by AllUnity underscores European institutions' growing interest in tokenized finance. Deutsche Bank and DWS, with combined assets exceeding €2.6 trillion, are leveraging their traditional finance expertise to mitigate risks associated with crypto volatility, Cointelegraph reported. Meanwhile, the ECB has highlighted the strategic importance of a digital euro to reduce reliance on foreign payment systems and preserve monetary sovereignty, as discussed by Positive Money. Analysts argue that EURAU's regulated, euro-pegged structure could complement the digital euro by providing a bridge for institutional adoption, Coinotag analysts suggest.

Despite optimism, critics caution that private stablecoins—unlike central bank digital currencies—lack the sovereign guarantees of central banks. The Bank for International Settlements (BIS) has noted that stablecoins "perform poorly as money" due to their reliance on short-term reserves and exposure to market risks, an observation highlighted by Positive Money. EURAU's success will depend on maintaining trust through transparent audits and regulatory alignment as Europe's digital finance ecosystem evolves.