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Germany’s AllUnity Launches BaFin-Regulated Euro Stablecoin EURAU
EURAU is claimed to be the first euro stablecoin under BaFin’s e-money license.
Jul 31, 2025, 11:00 a.m.
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What to know:
- EURAU is claiming bragging rights as Germany’s first MiCAR-compliant euro stablecoin.
- Backed by European banks, it aims to serve financial institutions and enterprise clients.
- Trading starts with BTC and USDC pairs on Bullish Europe, with Flow Traders as market maker.
AllUnity, a joint venture between DWS, Galaxy and Flow Traders, has launched EURAU, a euro-denominated stablecoin approved under Germany’s new crypto regulations.
EURAU is claimed to be the first euro-backed stablecoin to be issued under the EU’s Markets in Crypto-Assets Regulation (MiCAR) and licensed as electronic money by Germany’s BaFin. The token, issued on Ethereum as an ERC-20 asset, is designed for financial institutions, fintechs, and corporate clients needing regulated, instant cross-border euro payments.
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AllUnity has partnered with a consortium of European banks to act as reserve custodians. This structure aims to satisfy regulators and institutions seeking transparency, supported by routine proof-of-reserve disclosures.
The token debuts with trading pairs BTC/EURAU and USDC/EURAU on Bullish Europe, a BaFin-regulated digital asset exchange. Flow Traders will provide liquidity as the market maker. (Bullish is also the owner of Coindesk.)
Backed by names like BitGo, Metzler Bank and Fireblocks, EURAU signals a broader push to embed regulated stablecoins into Europe’s financial infrastructure. AllUnity’s CEO, Alexander Höptner, called the launch a step toward “financial sovereignty” in a digital Europe.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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