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Germany has officially entered the regulated stablecoin market with the approval of EURAU, a 100% collateralized euro-denominated stablecoin fully compliant with the EU’s Markets in Crypto-Assets Regulation (MiCA) framework. The license granted by Germany’s financial regulatory body, BaFin, allows AllUnity, the joint venture between DWS, Flow Traders, and Galaxy, to issue EURAU.
EURAU is not designed for speculative retail activity but rather targets 24/7 cross-border settlements for financial institutions, fintechs, and enterprises. The stablecoin will integrate with financial institutions, corporate treasuries, and fintech platforms, enabling real-time transactions beyond traditional banking hours.
Source: www.cryptoninjas.net
