Ethereum News Today: Deutsche Bank Launches EURAU Stablecoin on Ethereum, MiCA-Compliant

Deutsche Bank-backed EURAU, a euro-denominated stablecoin, has launched on the Ethereum blockchain as an ERC-20 token, marking a new development in the European crypto landscape. The stablecoin, developed by AllUnity—a joint venture between Deutsche Bank’s DWS, Flow Traders, and Galaxy of Mike Novogratz—has received regulatory approval from Germany’s BaFin and complies with the EU’s Markets in Crypto-Assets Regulation (MiCA). The product is now publicly available, having debuted on the last day of July 2025 [1].

Bullish Europe, a BaFin-regulated crypto trading platform and custodian, has become the first exchange to list EURAU for trading. Although Bullish has secured four licenses from BaFin since December 2024, it has yet to obtain a full MiCA license. The company, based in Frankfurt, aims to expand its operations across the EU under the MiCA regulatory framework, aligning with the broader vision of EURAU’s developers for cross-border accessibility [1].

Key partners in the EURAU ecosystem include major players such as BitGo, Metzler Bank, Tradevest Group, DLT Finance, Fireblocks, V-Bank, 21X, Hacken, Softstack, and OAK Security. These collaborations are expected to strengthen the stablecoin’s infrastructure, security, and adoption within both institutional and retail markets [1].

Despite EURAU’s regulated and MiCA-compliant launch, euro-denominated stablecoins remain a small segment of the global stablecoin market. As of July 2025, euro stablecoins account for just 0.2% of the $272.9 billion global stablecoin market, with a total capitalization estimated between $484 million and $587 million. By comparison, US dollar stablecoins dominate the space, with a market cap of $268.6 billion—highlighted by Tether’s USDT, which alone holds $163.7 billion in capitalization [1].

However, recent data from Crypto.com shows that euro stablecoins have grown by nearly 60% since late 2024, rising from $367 million to approximately $587 million. While this growth is encouraging, European officials have acknowledged the slow pace of adoption. Jürgen Schaaf, an advisor to the European Central Bank, recently emphasized the need for global regulatory coordination to counter the dominance of US dollar-based stablecoins and address disparities between regulatory frameworks in the US and EU [1].

EURAU is expected to expand to additional blockchain networks later in 2025, signaling the project’s long-term vision for broader accessibility and interoperability. As the first MiCA-compliant euro stablecoin, EURAU is positioned to play a pivotal role in the EU’s evolving crypto regulatory environment and may serve as a model for future stablecoin initiatives in the region [1].

Sources:

[1] Deutsche Bank-backed EURAU stablecoin launch: Key things to know — https://cointelegraph.com/news/eurau-stablecoin-allunity-launch-key-things-to-know