EURAU, a new euro stablecoin venture backed by Deutsche Bank’s DWS, Flow Traders and Mike Novogratz’s Galaxy, has debuted on the Ethereum blockchain.
AllUnity — the company backed and formed by the three firms — data-ct-non-breakable=”null” href=”https://allunity.com/news/allunity-launches-eurau-germanys-first-fully-reserved-micar-compliant-euro-stablecoin/” rel=”noopener nofollow” target=”_blank” title=”null”>announced the launch of EURAU on Thursday, making the regulated data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/stablecoins-101-what-are-crypto-stablecoins-and-how-do-they-work” title=”null”>stablecoin publicly available on the last day of July.
The data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/euro-stablecoin-by-dws-and-deutsche-bank-gets-regulatory-approval” title=”null”>new stablecoin is regulated by the German Federal Financial Supervisory Authority (BaFin) and is compliant with the European Union’s data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/markets-in-crypto-assets-regulation-mica” title=”null”>Markets in Crypto-Assets Regulation (MiCA).
EURAU will initially be available on…
