Deutsche Bank and DWS Launch EURAU Stablecoin
In a significant move for the digital finance space in Europe, AllUnity—a collaborative venture backed by Deutsche Bank, DWS, and Galaxy Digital—has secured regulatory approval to issue a fully euro-pegged stablecoin. The new token, EURAU, has been greenlit by Germany’s top financial regulator, BaFin, under the Markets in Crypto-Assets Regulation (MiCA).
With this approval, AllUnity becomes a licensed e-money institution (EMI) in the European Economic Area (EEA), making it eligible to operate across all 30 EEA nations under a single MiCA license.
What Makes EURAU Different?
Unlike unregulated or offshore stablecoins, EURAU is fully compliant with European financial standards. It features:
- Institution-grade proof-of-reserves
- Public financial disclosures
- Real-time liquidity access via Flow Traders, a top Amsterdam-based market maker
AllUnity’s CEO Alexander Höptner, also Chairman of 21X (a regulated blockchain exchange), confirmed that EURAU will serve as a settlement token in the EU’s blockchain-based DLT Pilot Regime. He called the launch “a foundation for safe and transparent digital payments across Europe.”
Why MiCA Approval Is a Game Changer
The MiCA regulation came into full force on December 30, 2024, setting a harmonized crypto regulation across Europe. It eliminates the need for individual licenses in each country, offering a single “passport” for regulated operations across the EU.
This sets Europe apart from the U.K., where crypto regulation remains fragmented. It also puts pressure on major stablecoins like Tether (USDT), which are not yet MiCA-compliant. Exchanges like Binance, Kraken, and Coinbase have already delisted non-compliant tokens such as XRP and LUNA.
EURAU vs. the Competition
EURAU enters a competitive euro stablecoin market, which includes:
- Circle’s EURC
- Societe Generale’s EURCV
What sets EURAU apart is its institutional backing, regulatory approval, and infrastructure integration with major financial networks. Galaxy Digital CEO Mike Novogratz called the token a “compliant, borderless tool” for enterprises and fintechs to move value efficiently.
The Timing Is Spot On
The launch of EURAU aligns with the European Central Bank’s push to modernize payment systems and test blockchain-based settlement via its Pontes pilot program.
According to ECB data, demand for euro stablecoins rose by 42% in the past year—driven largely by institutional and fintech use. Experts believe EURAU could soon become a foundational asset for digital finance in Europe.
Conclusion
EURAU marks a major milestone in Europe’s journey to merge traditional finance with blockchain innovation. Backed by Deutsche Bank, DWS, and Galaxy Digital—and fully MiCA-compliant—this euro stablecoin could soon redefine digital transactions across Europe and beyond.
