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Deutsche Bank-Backed Euro Stablecoin EURAU Launches as Germany’s First Regulated Digital Currency
Deutsche Bank-Backed Euro Stablecoin EURAU Launches as Germany’s First Regulated Digital Currency
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BTCCSquare news:
Germany has entered the digital currency race with the launch of EURAU, the nation's first fully regulated euro-backed stablecoin. Developed by AllUnity—a consortium of Deutsche Bank's DWS Group, Galaxy Digital, and FLOW Traders—the project received BaFin approval after 18 months of development, marking a milestone under the EU's MiCA framework.
EURAU's launch signals a strategic shift in stablecoin dominance. While dollar-pegged tokens command the market, euro-backed alternatives grew 44% to $480 million in H1 2025. The MiCA-compliant asset positions Europe to challenge US hegemony in digital payments, with institutional backing lending immediate credibility.
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