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AllUnity is supported by Galaxy Digital to secure MiCA licensing to promote stablecoin growth.
AllUnity, a joint venture supported by Galaxy Digital, has received the E-Money Institution license (EMI) from BaFin, opening up opportunities for stablecoin development. This license allows AllUnity to issue EURAU, a fully regulated Euro stablecoin, in compliance with the EU's MiCAR regulations.
EURAU will be the first stablecoin regulated by BaFin, ensuring 100% collateralized assets and providing transparency through reserve proof. This stablecoin is designed for financial institutions, facilitating cross-border transactions 24/7.
The launch of EURAU meets the liquidity demands in the European digital economy and establishes a new standard for utility in a regulated environment. Major partners such as DWS and Flow Traders have collaborated with AllUnity on this project, marking the development of the stablecoin market in Europe.