Deutsche Bank–backed stablecoin eyes pan-European reach

[etfs]

AllUnity, the joint venture between DWS and Deutsche Bank, is leveraging Chainlink CCIP to make its euro stablecoin interoperable across multiple chains.
The goal: seamless euro-denominated transfers across major DeFi ecosystems.

AllUnity secured a MiCA license from BaFin in July, clearing it to issue EURAU under the EU’s regulatory framework.
With DWS managing over €1 trillion in assets and Deutsche Bank holding $1.6 trillion on its balance sheet, AllUnity’s entry signals a serious push toward regulated tokenized finance in Europe.

[alex10]

Traditional finance finally embracing stablecoins — that’s massive validation.

[Nahid Hossen]

A bank-backed stablecoin could bridge trust between crypto and EU regulators.