Germany's AllUnity issues Euro stablecoin EURAU under BaFin regulation | CoinDesk JAPAN

• EURAU prides itself on being Germany's first MiCAR-compliant euro stablecoin.
• Aiming to provide services to financial institutions and corporate clients with the support of European banks.
• Trading starts with pairs of Bitcoin and USD Coin on British Europe, with flow traders acting as market makers.

EURAU is claimed to be the first euro-collateralized stablecoin issued under the European Union's (EU) cryptocurrency market regulation (MiCA) and authorized as electronic money by the German Federal Financial Supervisory Authority (BaFin). This token, issued as an ERC20 asset on the Ethereum blockchain, is designed for financial institutions, fintechs, and corporate clients requiring regulated instant cross-border euro payments.

All Unity is partnering with a consortium of European banks to serve as the custodian of reserves. This structure aims to meet the demands of regulators and institutions seeking transparency, supported by regular disclosures of reserve proofs.

This token will be traded on the digital asset exchange Bullish Europe, regulated by BaFin, with trading pairs BTC/EURAU and USDC/EURAU. Flow traders are expected to provide liquidity as market makers.

EURAU, supported by companies such as BitGo, Metzler Bank, and Fireblocks, is demonstrating a broad movement to integrate regulated stablecoins into European financial infrastructure. Alexander Höptner, CEO of Allunity, described this issuance as a step towards "financial sovereignty" in Digital Europe.

| Translation and Editing: Rina Hayashi | Image: nitpicker/Shutterstock ｜Original: Germany’s AllUnity Launches BaFin-Regulated Euro Stablecoin EURAU