A joint venture between Deutsche Bank’s asset management unit DWS, Flow Traders, and Galaxy announced the upcoming launch of Germany’s first regulated euro-denominated stablecoin. The AllUnity EURAU stablecoin received an e-money institution (EMI) license from the Federal Financial Supervisory Authority (BaFin) this week.
Designed to comply with Europe’s Markets in Crypto Assets (MiCA) framework, the EURAU stablecoin is fully collateralized and offers institutional-grade transparency through proof of reserves and regulatory reporting.
AllUnity highlighted that EURAU will enable 24/7 instant cross-border settlements, providing seamless integration for regulated financial institutions, fintech companies, treasury operations, and enterprise clients across Europe and beyond.
This launch joins several other euro-pegged stablecoins introduced since MiCA’s enforcement about a year ago. Notable examples include Circle’s EURC and Société Générale’s EURCV, alongside MiCA-compliant dollar tokens such as Société Générale’s USDCV and Robinhood-backed Global Dollar (USDG).
Alexander Höptner, CEO of AllUnity, remarked, “This license is not just a regulatory hurdle cleared, it’s a foundational step towards building a truly secure, transparent and compliant digital cross-border payment ecosystem for Europe and global markets.”