Euro Stablecoin Gains Regulatory Approval

The new euro-denominated stablecoin EURAU, created by AllUnity (a joint venture between DWS, Galaxy Digital, and Flow Traders), just received approval from Germany’s BaFin. The aim is to provide tokenized euros for on-chain use in assets like real estate and stocks. DWS’s CEO calls the market potential “gigantic.” Will corporate-backed fiat tokens like this dominate institutional adoption, or will $USDC and $USDT remain the top choices?

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