DWS and Deutsche Bank to Launch Regulated Euro Stablecoin Under MiCA

TL;DR DWS and Deutsche Bank’s joint venture, AllUnity, has received an E-Money Institution license from BaFin to issue EURAU, a fully regulated euro-pegged stablecoin under the MiCA framework. EURAU is backed by Galaxy Digital and will feature institutional-grade transparency, targeting financial institutions, fintechs, and enterprise clients. With MiCA regulations taking effect across the EU, EURAU. source: https://crypto-economy.com/dws-and-deutsche-bank-to-launch-regulated-euro-stablecoin-under-mica/