EURAU Euro Stablecoin Launches on Ethereum With Galaxy, DWS Backing

EURAU, a new euro stablecoin venture backed by Deutsche Bank’s DWS, Flow Traders and Mike Novogratz’s Galaxy, has debuted on the Ethereum blockchain.

AllUnity — the company backed and formed by the three firms — announced the launch of EURAU on Thursday, making the regulated stablecoin publicly available on the last day of July.

The new stablecoin is regulated by the German Federal Financial Supervisory Authority (BaFin) and is compliant with the European Union’s Markets in Crypto-Assets Regulation (MiCA).

EURAU will initially be available on…