AllUnity Secures BaFin License for MiCA-Compliant EURAU Stablecoin
AllUnity, a joint venture between DWS, FLOW Traders, and Galaxy, has obtained a BaFin license in Germany to issue EURAU, a euro-pegged stablecoin fully compliant with the EU's Markets in Crypto-Assets (MiCA) framework. The approval marks a significant step toward regulated digital payments in Europe.
CEO Alexander Hoptner emphasized the license as foundational for building a transparent cross-border payment ecosystem. EURAU will feature 100% collateralization with institutional-grade proof of reserves, targeting both fintech platforms and traditional financial institutions.