Crypto News: MiCA-Compliant EURAU Stablecoin Approved as AllUnity Secures BaFin License

The post Crypto News: MiCA-Compliant EURAU Stablecoin Approved as AllUnity Secures BaFin License appeared first on Coinpedia Fintech News

AllUnity, a joint venture asset manager between DWS, Flow, Traders, and Galaxy, has announced that it has received a BaFin license in Germany to issue a MiCA-compliant euro-pegged stablecoin, EURAU. This encourages the launch of EURAU with institutional-grade proof reserves and financial reporting, ensuring transparency and reliability.

AllUnity Secures BaFin License

On July 1, AllUnity received an e-money institution (EMI) license from the Federal Financial Supervisory Authority (BaFin), allowing the company to issue stablecoin that is fully compliant with Europe’s Markets in Crypto Assets (MiCA) framework.

Alexander Hoptner, CEO of AllUnity, said, “Securing the EMI license from BaFin is a monumental achievement for AllUnity and a testament to our dedication to regulatory excellence. This license is...

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