HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinGerman asset manager DWS joins Galaxy to issue euro stablecoin

German asset manager DWS joins Galaxy to issue euro stablecoin

AllUnity, a collaboration between DWS, Galaxy, and Flow Traders, has announced its intention to launch a euro stablecoin. This new venture aims to issue the stablecoin on various prominent public permissionless L1s and L2s, in addition to exploring its potential in decentralized finance (DeFi) applications. By expanding its presence across different blockchain platforms, AllUnity seeks to provide users with a stable and reliable digital currency option within the euro ecosystem. This development highlights the growing interest in stablecoins and the potential they hold for facilitating seamless transactions and enhancing DeFi functionalities.

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