💸 Financial giants launch the first licensed euro stablecoin in the EU 🚀
The German project AllUnity (a joint venture between Deutsche Bank (DWS), Flow Traders, and Galaxy Digital) has launched EURAU – the first fully licensed euro stablecoin under the MiCA standard.
**Key details:**
- EURAU is a regulated euro stablecoin with an architecture similar to USDC.
- Licensed as e-money by BaFin.
- 100% backed by reserves in European banks.
- Launched as an ERC-20 token on Ethereum.
- Supports proof-of-reserves.
- Audited by Hacken – no critical or medium vulnerabilities found.
- **Target:** Not DeFi, but the corporate sector.
The project aims to integrate with ERP (enterprise resource planning) and treasury systems, with ongoing talks with 30 companies.
- Exchange Bullish is the first to list trading pairs BTC/EURAU and USDC/EURAU. Flow Traders ensures liquidity.
- The product is backed by a consortium, not a single bank, boosting institutional trust.
Current volumes are modest, as the euro stablecoin market is still developing.
EURC by Circle currently leads (€209M), but EURAU is the first with BaFin licensing and full MiCA compliance.
If the EU fully adopts MiCA infrastructure, EURAU could become the foundation for on-chain euro payments.
