Deutsche Bank’s DWS Teams with Galaxy & Flow Traders to Launch First German-Regulated Stablecoin
Finance giants collide with crypto—Deutsche Bank’s asset management arm DWS partners with Galaxy Digital and Flow Traders to drop a euro-pegged stablecoin under Germany’s strict BaFin oversight. Finally, a 'regulated' way to lose money slower.
Why it matters: Traditional finance keeps dipping its toes into crypto waters. This time, it’s not just another blockchain experiment—it’s a full-blown, regulator-approved stablecoin play. The trio aims to bridge the gap between institutional cash and on-chain liquidity without triggering compliance aneurysms.
The cynical take: Because what crypto truly needed was more German efficiency. Expect this stablecoin to process transactions with Teutonic precision—while charging you 0.2% just for the privilege of holding it.