DWS

Recently saw an interesting piece of news: the well-known German asset management company DWS, in collaboration with Galaxy Digital and Flow Traders, has launched a euro-denominated stablecoin EURAU. This is the first euro stablecoin to be recognized by Germany's BaFin (Financial Supervisory Authority).

This matter is quite representative:
• The stablecoins we are familiar with in the past were mostly pegged to the US dollar, such as USDT and USDC.
• Now Europe is starting to try to put the euro on the blockchain, indicating that stablecoins are gradually moving from being 'trading tools' to 'financial infrastructure'.
• In the future, stablecoins may not only serve as settlement tools in the crypto market but also become part of cross-border payments and institutional finance.

🌐 Summary:
The development of stablecoins has entered the 'multi-currency era', from the US dollar to the euro, and now to the recently highly discussed renminbi stablecoin. The global financial landscape may undergo significant changes in the future.
#EURAU #DWS

DWS Venture Gains Approval for Euro Stablecoin

🇪🇺 German finance regulators have greenlit DWS’s venture to launch a euro-backed stablecoin, a major step for Europe’s crypto market.

✅ The stablecoin, designed for seamless digital transactions, aims to rival USD-pegged coins like USDC. DWS’s regulated approach ensures compliance, boosting investor confidence. The move could strengthen the euro’s role in global digital finance, with applications in payments and DeFi. Analysts see this as a catalyst for broader stablecoin adoption in Europe.

🚀#Stablecoin #DWS #CryptoEurope