Deutsche Bank’s DWS and Partners Launch Germany’s First Regulated Stablecoin
A joint venture between Deutsche Bank’s DWS, Flow Traders, and Galaxy will issue Germany's first regulated euro-denominated stablecoin, AllUnity EURAU, after obtaining an e-money institution (EMI) license from BaFin.
- Stablecoin complies with Europe’s Markets in Crypto Assets (MiCA) framework.
- EURAU will be 100% collateralized, ensuring transparency through proof of reserves and regulatory reporting.
- Enables 24/7 instant cross-border settlements and integration for financial institutions and enterprises across Europe.
- Joins other euro-pegged tokens like Circle's EURC and Société Générale's EURCV.
Alexander Höptner, CEO of AllUnity, stated that the EMI license is a foundational step towards a secure and compliant digital payment ecosystem.