EURAU Euro Stablecoin Launched with Support from DWS Group and Other Institutions

According to a report by Jinse Finance citing Bloomberg, AllUnity, a company jointly backed by Deutsche Bank’s DWS Group, Dutch market maker Flow Traders, and financial services provider Galaxy Digital, announced on July 31 the launch of the euro stablecoin EURAU. This stablecoin is issued on the Ethereum blockchain, fully backed by reserves held at multiple European banks, and complies with the EU’s crypto asset regulatory framework. A certain exchange will serve as its initial listing platform.