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Deutsche Bank and DWS’s joint venture, AllUnity, has secured a BaFin license to issue a MiCA-compliant euro stablecoin, EURAU. The approval marks a significant step in regulated stablecoin adoption in Europe.
- AllUnity is a joint venture between Deutsche Bank and DWS, now licensed by BaFin to issue a regulated stablecoin.
- EURAU will be MiCA-compliant, ensuring adherence to EU crypto regulations and transparency standards.
- The stablecoin will offer institutional-grade proof-of-reserves, enhancing trust in its euro peg.
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Related Tags: Markets in Crypto Assets (MiCA) Stablecoin
Other Tags: Bafin, Deutsche Bank