Allunity, a joint venture between DWS, Galaxy and Flow Traders, has launched Euro, a stubcoin for the Euro religion approved under new German crypto regulations.
The Euro is claimed to be the first Euro-collateralized stubcoin issued in the EU market with encrypted regulations (MICAR) and licensed as electronic money by German Baffin. The token issued at Ethereum as an ERC-20 asset is designed for financial institutions, fintechs, and corporate clients who require regulated, immediate cross-border euro payments.
Allunity is acting as a backup custodian in partnership with a consortium of European banks. This structure is intended to satisfy regulators and agencies seeking transparency supported by regular booking disclosures.
The token will debut in trading pairs BTC/EURAU and USDC/EuraU at Bullish Europe, a BAFIN-regulated digital asset exchange. Floor traders provide liquidity as market makers. (Bullish is also the owner of Coindesk.)
Backed by names like Bitgo, Metzler Bank and Fireblocks, Eurau shows a broader drive to embed stubcoins regulated in European financial infrastructure. Allunity CEO Alexander Höptner called the launch a step towards digital Europe’s “financial sovereignty.”
