Unity Obtains BaFin EMI License for MiCAR Compliant Euro Stablecoin rollout
In a groundbreaking development, AllUnity, a joint venture between DWS, Flow Traders, and Galaxy, has been granted an E-Money Institution (EMI) license by the German Federal Financial Supervisory Authority (BaFin). This marks the official entry of AllUnity into the market, poised to accelerate the adoption of digital assets and restore financial autonomy in the EU.
The EMI license enables the issuance of the first fully regulated EUR stablecoin out of Germany, named EURAU. This stablecoin is designed to meet the highest standards of financial integrity and stability required by European regulators, aligning with the Markets in Crypto-Assets Regulation (MiCAR) framework.
EURAU is a game-changer for European cross-border payments. As a 100% collateralized stablecoin, it offers 24/7 instant settlements for regulated financial institutions, fintechs, treasuries, and enterprise clients across Europe. This is a significant improvement over traditional payment systems, which can be slow and costly for cross-border transactions.
The stablecoin is built to enable true interoperability and further drive that convergence. EURAU provides continuous euro liquidity, addressing a long-standing pain point in European cross-border payments. This enhancement in settlement efficiency will foster a secure and transparent digital ecosystem, aligning with the broader EU strategy to develop regulated stablecoins under MiCA.
Alexander Höptner, CEO of AllUnity, expressed that securing the EMI license from BaFin is a monumental achievement for AllUnity. Stefan Hoops, CEO of DWS, stated that the EMI license is a milestone for AllUnity and marks an inflection point for the European financial industry. Galaxy believes in the transformative potential of regulated digital assets, and AllUnity's EURAU is a powerful testament to that vision.
Flow Traders believes that stablecoins are a foundational element in the infrastructure driving the convergence of traditional and digital asset markets. The launch of EURAU represents a foundational step toward building a secure, transparent, and compliant digital payment ecosystem for Europe and potentially global markets.
In summary, EURAU’s BaFin licensing is poised to transform European cross-border payments by offering a regulated, transparent, instant, and euro-backed stablecoin solution tailored for institutional and enterprise use. This will enhance efficiency, security, and integration across the European financial landscape, setting a new standard for stablecoin utility in regulated environments and accelerating the evolution of the cross-border payments ecosystem.
- AllUnity, with its EMI license, is leveraging blockchain technology to issue the first fully regulated EUR stablecoin, EURAU, designed for meeting European regulatory standards and accelerating the adoption of digital assets in the EU finance industry.
- EURAU, a 100% collateralized stablecoin, is revolutionizing cross-border payments in Europe by offering 24/7 instant settlements for financial institutions, fintechs, treasuries, and enterprise clients, providing continuous euro liquidity and addressing long-standing pain points in traditional payment systems.
- Flow Traders believes that the launch of EURAU, with its secure, transparent, and compliant digital payment ecosystem, marks a foundational step towards building a unified infrastructure for both traditional and digital asset markets on a global scale, driven by stablecoins' potential role in the convergence of these markets.
