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

coinpedia
coinpedia
USDT+0.01%

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...

Visit source
3.9K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.