BTCC
/
BTCC Square
/
Global Cryptocurrency
/
MiCA-Compliant EURAU Stablecoin Approved as AllUnity Secures BaFin License
MiCA-Compliant EURAU Stablecoin Approved as AllUnity Secures BaFin License
7
1
BTCCSquare news:
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 e-money institution (EMI) license, granted on July 1, marks a pivotal step toward institutional-grade digital payments in Europe.
EURAU will be 100% collateralized with proof of reserves and financial reporting, emphasizing transparency. CEO Alexander Hoptner framed the milestone as foundational for building a 'secure, transparent, and compliant cross-border payment ecosystem.' The MOVE signals growing regulatory alignment for stablecoins in mainstream finance.
By:
Previous
U.S.–China Tech Thaw Spurs Rally – Why Adoption Momentum Justifies Increased Exposure
Next
IMF Rejects Pakistan’s 2,000 MW Crypto Mining Proposal
