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AllUnity’s EURAU, a new euro-denominated stablecoin backed by Deutsche Bank’s DWS, Flow Traders, and Galaxy, has launched on Ethereum. The stablecoin is regulated by BaFin and complies with MiCA, entering a market where euro stablecoins make up just 0.2% of the sector.
- EURAU is a new euro stablecoin backed by major financial players including Deutsche Bank’s DWS and Galaxy.
- The stablecoin is fully regulated by BaFin and compliant with the EU’s MiCA framework.
- Euro stablecoins represent just 0.2% of the stablecoin market but have surged 60% since late 2024.
📎 Related coverage from: cointelegraph.com