AllUnity, a stablecoin joint venture between Deutsche Bank (DB) and asset management giant DWS, has received official approval from Germany’s financial watchdog BaFin. The green light comes in the form of an E-Money Institution license, allowing AllUnity to issue a euro-pegged stablecoin called EURAU.
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Critically, this makes EURAU one of the first institutional-grade euro stablecoins to fully comply with the European Union’s Markets in Crypto-Assets (MiCA) regulation.
Institutions Aim to Fill Europe’s Stablecoin Gap
EURAU is designed to meet the needs of large financial institutions, fintech platforms, and corporate treasuries that want a compliant, euro-denominated digital asset. The project also includes backing from Galaxy Digital (GLXY), and Amsterdam-based Flow Traders (FLTLF) will serve as its key liquidity provider.
With deep-pocketed partners and a license in hand, AllUnity is positioning itself as a leading player in the fast-evolving European stablecoin market.
MiCA Push Forces Stablecoin Shake-Up Across the EU
This launch couldn’t come at a more pivotal time. MiCA officially took effect in late 2024, setting strict rules for stablecoin issuers in the European Economic Area. As a result, non-compliant tokens like Tether’s USDt have been delisted from exchanges including Binance and Coinbase (COIN) for European users.
This has created a vacuum and an opportunity for fully regulated players like AllUnity, Paxos, and Circle (USDC-USD), all racing to dominate the euro stablecoin market.
EURAU Takes Aim at Tether’s Market Share
While USDt remains the undisputed global leader in stablecoins with a market cap near $158 billion, it’s increasingly sidelined in Europe. Circle’s (CRCL) MiCA-compliant Euro Coin (EURC) has gained traction, and Paxos recently introduced its own EU-regulated stablecoin.
But EURAU’s direct connection to Deutsche Bank and DWS gives it something competitors can’t match—trusted European banking infrastructure and regulatory credibility.
Regulated Stablecoins Are Becoming the New Standard
For investors, this shift signals something bigger. The era of loosely regulated stablecoins is ending in Europe, and financial heavyweights are stepping in to set a new standard. With institutional-grade proof-of-reserves, audited financials, and compliance-first positioning, EURAU could emerge as the template for digital money inside the EU. And that raises the stakes not just for crypto, but for how traditional finance embraces blockchain.
Is Deutsche Bank Stock a Good Buy?
TipRanks data shows that analysts are increasingly bullish on Deutsche Bank’s stock. Out of 11 Wall Street analysts, 10 have rated the stock a “Buy” in the last three months, with zero “Sell” ratings and just one “Hold.”
The average 12-month DB price target is $30.81, reflecting a 6.9% upside from the last traded price.
