Deutsche Bank’s DWS, Flow Traders, and Galaxy have announced a joint venture named AllUnity, which has received a BaFin license to launch Germany's first MiCA-compliant euro stablecoin called EURAU. This stablecoin will be fully collateralized, ensuring institutional-grade transparency through proof of reserves and regulatory reporting. The EURAU stablecoin is designed for 24/7 instant cross-border settlements and aims to seamlessly integrate into the operations of regulated financial institutions, fintechs, treasuries, and enterprise clients throughout Europe and beyond. This development comes as part of a broader trend, with several euro-pegged tokens emerging since the implementation of the MiCA framework approximately a year ago. Alexander Höptner, CEO of AllUnity, emphasized that acquiring the EMI license from BaFin is a significant step toward creating a secure and compliant digital payment ecosystem across Europe and global markets.

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