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Germany launches first regulated Ethereum-based euro-stablecoin
- Highlights: Germany unveils EURAU, a fully regulated euro-stablecoin.
It is backed by leading organizations including Deutsche Bank.
EURAU is MiCA compliant, ensuring transparency.
On July 31, AllUnity, a venture capital firm backed by DWS Group (owned by Deutsche Bank), launched Germany's first regulated EURAU Eurostablecoin, issued on the #Ethereum #blockchain and listed on Bullish.
this launch is an important regulatory milestone, enhancing digital asset transactions in the euro and building institutional confidence amid changing compliance standards in Europe's evolving cryptoasset environment.
EURAU is Germany's first stable eurocoin to receive regulatory approval. It was developed by AllUnity in cooperation with major financial players.
The launch of EURAU simplifies international payments, ensuring institutional transparency and compliance with EU regulations, promising a significant change in market confidence.
industry leaders such as DWS's Stefan Hoops emphasize its potential to revolutionize financial systems. Market feedback confirms the positive sentiment around improving financial efficiency.
Interesting to know: EURAU is the first Eurostablecoin to be fully compliant with EU MiCA, setting a potentially new standard for future European #digital currency launches.
According to CoinMarketCap, Ethereum (ETH) is currently trading at $ 3,857.26 with a market capitalization of $ 465.61 billion. Trading volume in 24 hours reached $ 35.46 billion, reflecting an increase of 7.17%. The latest data shows that the price of Ethereum has risen 57.08% over the past 30 days, continuing its upward trend over the previous 90 days.
