AllUnity Launches EURAU, First BaFin-Regulated Euro Stablecoin
AllUnity, a collaboration of DWS, Galaxy, and Flow Traders, has launched EURAU, a euro-denominated stablecoin compliant with Germany’s crypto regulations.
- EURAU is the first euro-backed stablecoin issued under the EU’s Markets in Crypto-Assets Regulation (MiCAR) and licensed as electronic money by BaFin.
- The token is an ERC-20 asset on Ethereum, targeting financial institutions and corporate clients for regulated, instant cross-border euro payments.
- A consortium of European banks will serve as reserve custodians, ensuring transparency through regular proof-of-reserve disclosures.
- EURAU will trade on Bullish Europe, featuring pairs BTC/EURAU and USDC/EURAU, with liquidity provided by Flow Traders.
- Backed by BitGo, Metzler Bank, and Fireblocks, EURAU aims to enhance the integration of regulated stablecoins into Europe’s financial system.