AllUnity’s EURAU stablecoin launches as euro-denominated stablecoins account for just 0.2% of the stablecoin market despite surging 60% since late 2024.
EURAU, a new euro stablecoin venture backed by Deutsche Bank’s DWS, Flow Traders and Mike Novogratz’s Galaxy, has debuted on the Ethereum blockchain.
AllUnity — a company backed and formed by the three entities — announced the launch of EURAU on Thursday, making the regulated stablecoin publicly available on the last day of July.
The new stablecoin is regulated by the German Federal Financial Supervisory Authority (BaFin) and is compliant with the European Union’s Markets in Crypto-Assets Regulation (MiCA).
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