Germany Launches First Regulated Euro Stablecoin on Ethereum

Venture capital firm AllUnity, backed by Deutsche Bank’s DWS Group, launched Germany’s first regulated euro stablecoin, EURAU, on July 31, issued on the Ethereum blockchain and listed on Bullish exchange.

This launch signifies a regulatory milestone, enhancing euro-based digital asset transactions and solidifying institutional trust, amid shifting compliance standards in Europe’s evolving crypto asset landscape.

EURAU Stablecoin: A New Era for Euro Transactions

EURAU is Germany’s first euro stablecoin launched with regulatory certification. It was developed by AllUnity in collaboration with major financial players.

The launch of EURAU facilitates cross-border payments with institutional transparency, complying with EU regulations, thereby promising major shifts in market confidence.

Industry leaders like Stefan Hoops of DWS emphasize its potential to revolutionize financial systems. Market comments have echoed positive sentiments about increased financial efficiency.

“Securing the EMI license from BaFin is a monumental achievement for AllUnity and a testament to our dedication to regulatory excellence.” — Alexander Höptner, CEO, AllUnity

MiCA Compliance Sets New Standards for Digital Euro

Did you know? EURAU is the first euro stablecoin to fully comply with the EU’s MiCA framework, setting a potential new standard for future European digital currency launches.

According to CoinMarketCap, Ethereum (ETH) currently trades at $3,857.26 with a market cap of $465.61 billion. The 24-hour trading volume reached $35.46 billion, reflecting a 7.17% increase. Recent data shows Ethereum’s price rose by 57.08% over the past 30 days, continuing a growth trend over the previous 90 days.

The Coincu research team highlights that EURAU’s launch may stimulate demand for euro-denominated digital assets, with implications for trading pairs on Ethereum. The move aligns with increasing regulatory oversight globally.