Joint venture AlUnity launches EURAU, regulated euro stablecoin regulated by Germany, issued on the Ethereum network

According to Foresight News, AlUnity, a joint venture between DWS, Galaxy and Flow Traders, launched EURAU, a stablecoin denominated in euros approved under Germany's new cryptocurrency regulations, according to CoinDesk. EURAU has obtained an electronic currency license issued by the German Federal Financial Regulatory Authority (BaFin). The token is issued on Ethereum in the form of an ERC-20 asset and is designed to serve financial institutions, fintech companies and corporate customers that require regulated instant cross-border euro payments.


AllUnity has worked with the European Banking Consortium as reserve custodian. The token will be available on Bullish Europe, a digital asset exchange regulated by the German Federal Financial Regulatory Authority (BaFin), and will launch BTC/EURAU and USDC/EURAU trading pairs. Flow Traders will provide liquidity as a market maker.

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