Deutsche Bank-Backed EURAU Stablecoin Launches, Ushering in MiCA-Regulated Era for Euro Digital Currency

In a landmark development for digital finance in Europe, the EURAU stablecoin has officially launched, marking a significant step towards integrating traditional finance with the burgeoning crypto ecosystem. Backed by a consortium including Deutsche Bank's asset management arm DWS, Flow Traders, and Galaxy Digital, EURAU is the first euro-denominated stablecoin to be issued under the European Union's comprehensive Markets in Crypto-Assets (MiCA) regulation.