AllUnity Approved by BaFin to Issue EURAU Stablecoin

AllUnity, a joint venture between DWS, Flow Traders and Galaxy, received an electronic money institution (EMI) license from Germany’s financial regulator BaFin on July 1. This license allows the company to issue EURAU, a euro-denominated stablecoin fully compliant with the EU's Markets in Crypto-Assets (MiCA) regulation.

EURAU will be 100% collateralized and backed by verified reserves, with transparent financial reporting. According to AllUnity, the stablecoin is designed for cross-border digital payments and will be compatible with both institutional finance systems and decentralized finance (DeFi) applications.

While other euro stablecoins such as EURC by Circle already exist, EURAU is among the first to receive full regulatory approval under MiCA from BaFin. This positions it as a potentially trusted option for institutional adoption across the European market.

The launch comes ahead of MiCA’s full enforcement in December 2024. In contrast, some leading stablecoins like USDT are expected to be removed from major European exchanges due to non-compliance, creating space for regulated alternatives like EURAU to gain traction.

AllUnity aims to offer a secure, transparent and regulation-ready solution in a rapidly evolving digital asset ecosystem.