Stablecoin

Flow

Galaxy

Coin

<ul class="news-points"> 
 <li>Galaxy has partnered with DWS and Flow Traders to start a business dubbed AllUnity.</li> 
 <li>AllUnity intends to issue a fully collateralized euro-denominated stablecoin.</li> 
 <li>Alexander Höptner will be appointed as the Chief Executive Officer of AllUnity.</li> 
</ul> 
Crypto platform Galaxy has reportedly entered a strategic <a href="https://www.globenewswire.com/news-release/2023/12/13/2795243/0/en/DWS-FLOW-TRADERS-AND-GALAXY-ANNOUNCE-THE-INTENTION-TO-LAUNCH-ALLUNITY-TO-ISSUE-A-REGULATED-EUR-DENOMINATED-STABLECOIN-EXPECTED-TO-UNLOCK-THE-POTENTIAL-OF-THE-ON-CHAIN-ECONOMY-AND-A.html" target="_blank" rel="nofollow">partnership</a> with asset management firm DWS and digital asset technology trading firm Flow Traders to form ‘AllUnity’. The partnership intends to introduce a fully collateralized euro-denominated stablecoin under their business. 
According to the press release, AllUnity will be under the regulation of BaFin, Germany’s financial supervisory authority. As the partnership brings together experts from various fields, AllUnity intends to leverage Galaxy’s digital asset technical infrastructure, DWS’ portfolio management, and Flow Traders’ expertise and connectivity in traditional finance and digital assets. 
Alexander Höptner, who will be leading AllUnity as the Chief Executive Officer, commented on the “unique” partnership that aims to advance the on-chain economy. The co-partners believe th…
The post <a href="https://coinedition.com/crypto-community-to-witness-a-new-euro-denominated-stablecoin/">Breaking: Crypto Community To Witness a New Euro-Denominated Stablecoin</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Breaking: Crypto Community To Witness a New Euro-Denominated Stablecoin

Coin Edition

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