{"id":1545094,"date":"2025-07-03T10:30:00","date_gmt":"2025-07-03T14:30:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1545094"},"modified":"2025-07-03T10:30:00","modified_gmt":"2025-07-03T14:30:00","slug":"euro-stablecoin-by-dws-and-deutsche-bank-gets-regulatory-approval","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/euro-stablecoin-by-dws-and-deutsche-bank-gets-regulatory-approval\/1545094\/","title":{"rendered":"Euro Stablecoin By DWS And Deutsche Bank Gets Regulatory Approval"},"content":{"rendered":"

Euro Stablecoin By DWS And Deutsche Bank Gets Regulatory Approval<\/span><\/p>\n

\n

Authored by Adrian Zmudzinski via CoinTelegraph.com,<\/em><\/a><\/p>\n

AllUnity, a joint stablecoin venture by asset manager DWS and banking giant Deutsche Bank, received a license from the German Federal Financial Supervisory Authority (BaFin), according to a Wednesday announcement.<\/p>\n

<\/a><\/p>\n

BaFin has\u00a0granted<\/a>\u00a0an E-Money Institution (EMI) license to AllUnity. With the license, the company plans to issue a regulated and BaFin-licensed euro-pegged stablecoin, EURAU, in compliance with the\u00a0Markets in Crypto-Assets Regulation (MiCA<\/a>) framework.<\/p>\n

AllUnity said EURAU will feature institutional-grade\u00a0proof-of-reserves<\/a>\u00a0and financial reporting.<\/p>\n

The initiative, which also involves US-based Galaxy Digital, aims to provide euro-denominated digital assets that integrate seamlessly into the workflows of regulated institutions, fintech platforms and enterprise treasuries. Amsterdam-based Flow Traders will serve as the project\u2019s liquidity provider.<\/p>\n

<\/a><\/p>\n

Source:\u00a0<\/em>AllUnity<\/em><\/a><\/p>\n

The stablecoin battle for Europe<\/h2>\n

The announcement comes as Europe emerges as a key battleground in the global stablecoin race, following the full implementation of MiCA on Dec. 30, 2024.<\/p>\n

The development is partially due to the fact that the worldwide stablecoin market leader\u00a0Tether has so far declined to comply with the MiCA framework<\/a>. This led to USDt being delisted from\u00a0Binance<\/a>, as well as\u00a0competitors such as Kraken<\/a>\u00a0and\u00a0Coinbase<\/a>, for users in the European Economic Area.<\/p>\n

Stablecoins race for MiCA compliance<\/h2>\n

Earlier this week, Paxos announced the launch of its MiCA-compliant\u00a0Global Dollar (USDG) stablecoin in the EU<\/a>.<\/p>\n

Mid-April reports revealed that the market cap of Circle\u2019s MiCA-compliant stablecoin Euro Coin was growing quickly<\/a>.<\/p>\n

Circle\u2019s stablecoins likely benefited from the implementation of MiCA, with Euro Coin and USDC reaping the rewards of its regulatory-friendly approach. The company\u2019s stablecoins\u00a0are the top euro and US dollar-pegged stablecoins that comply<\/a>\u00a0with MiCA.<\/p>\n

Still, CoinMarketCap\u00a0data<\/a>\u00a0shows that USDt remains the undisputed market leader, with a market cap of under $158 billion. USDt has a significant lead over the second-largest stablecoin, USDC, with a market cap of less than $62 billion.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nThu, 07\/03\/2025 – 06:30<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/crypto\/euro-stablecoin-dws-and-deutsche-bank-gets-regulatory-approval<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Euro Stablecoin By DWS And Deutsche Bank Gets Regulatory Approval Authored by Adrian Zmudzinski via CoinTelegraph.com, AllUnity, a joint stablecoin venture by asset manager DWS…<\/p>\n","protected":false},"author":0,"featured_media":1545095,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1545094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1545094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1545094"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1545094\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1545095"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1545094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1545094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1545094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}