AllUnity receives EMI license for Euro stablecoin, focusing on compliance and transparency

AllUnity has obtained an e-money institution (EMI) license from BaFin, allowing them to introduce the EURAU stablecoin in compliance with MiCAR regulations. The stablecoin will be fully collateralized with proof-of-reserves and regulatory reporting, facilitating cross-border settlements for regulated financial institutions, fintechs, and enterprise clients across Europe and beyond. AllUnity’s CEO, Alexander Höptner, emphasized the importance of this license in building a secure, transparent, and compliant digital payment ecosystem. The company partnered with Crypto Risk Metrics to ensure ESG compliance. AllUnity, a joint venture between DWS, Flow Traders, and Galaxy, offers real-time settlement infrastructure and payment services. Galaxy provided a $200m revolving credit facility to MoonPay.

Read more at Yahoo Finance: AllUnity obtains EMI licence from BaFin for Euro stablecoin