{"id":34109,"date":"2024-07-12T15:20:22","date_gmt":"2024-07-12T15:20:22","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/dws-to-unveil-germanys-first-regulated-euro-stablecoin\/"},"modified":"2024-07-12T15:20:22","modified_gmt":"2024-07-12T15:20:22","slug":"dws-to-unveil-germanys-first-regulated-euro-stablecoin","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/dws-to-unveil-germanys-first-regulated-euro-stablecoin\/","title":{"rendered":"DWS to unveil Germany\u2019s first regulated euro stablecoin"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/germany-flag-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/germany-flag-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/germany-flag-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/germany-flag-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">DWS plans to have its euro-pegged stablecoin live by 2025.<\/span><\/li>\n<li>The <span style=\"font-weight: 400\">\u20ac941 billion ($1.02 billion) assets management firm recently launched a new company called AllUnity that will unveil the stablecoin.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Deutsche Bank-owned asset management firm DWS is planning to release the first euro-denominated stablecoin in Germany, according to Reuters.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Per the report, DWS has created a new platform to be regulated by the Federal Financial Supervisory Authority (BaFin) and which will unveil the euro-pegged stablecoin by 2025.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">DWS recently launched AllUnity<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Stefan Hoops, the CEO of DWS, said the new company set to launch the new stablecoin is called AllUnity. <\/span><\/p>\n<p><span style=\"font-weight: 400\">DWS partnered with Flow Traders and Galaxy Digital to launch AllUnity in June this year, according to details in the report.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While no official announcement has been published yet, this is a move that could be a major step into the crypto space for DWS. The company is a leading fund manager in Europe, currently managing over \u20ac941 billion ($1.02 billion) worth of assets globally.<\/span><\/p>\n<p><span style=\"font-weight: 400\">When unveiled, the new stablecoin will bring its benefits to both digital asset investors and developers, including in industrial applications.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cIn the short term, we expect demand from investors in digital assets, but by the medium term we expect wider demand, for instance from industrial companies working with \u2018internet of things\u2019 continuous payments,\u201d Hoops said in a <a href=\"https:\/\/www.reuters.com\/markets\/currencies\/dws-launches-jv-first-german-regulated-euro-stablecoin-2024-07-11\/\" target=\"_blank\" rel=\"noopener\">statement<\/a>.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Stablecoins and MiCA regulation<\/span><\/h2>\n<p><span style=\"font-weight: 400\">DWS\u2019s move comes as the EU moves ahead with implementation of the Markets in Crypto-Assets (MiCA) regulation that came into effect on June 30. One of the key regulatory standards is for stablecoins and various issuers and providers have taken steps to align with the law.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This includes getting the necessary licenses and approvals. <\/span><\/p>\n<p><span style=\"font-weight: 400\">USDC and EURC issuer Circle recently became the <a href=\"https:\/\/coinjournal.net\/news\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/\">first stablecoin issuer to secure approval<\/a> with the Electronic Money Institution (EMI) license. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Binance, on the other hand, moved to delist stablecoins that fail to comply with the MiCA rules. Bitstamp also <a href=\"https:\/\/coinjournal.net\/news\/bitstamp-delists-euro-tether-eurt-as-mica-rules-are-rolled-out\/\">delisted Euro Tether (EURT)<\/a> in June.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/dws-to-unveil-germanys-first-regulated-euro-stablecoin\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) DWS plans to have its euro-pegged stablecoin live by 2025. The \u20ac941 billion ($1.02 billion) assets management firm recently launched a new company called AllUnity that will unveil the stablecoin. Deutsche Bank-owned asset management firm DWS is planning to release the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":34110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34109"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=34109"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/34110"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=34109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=34109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=34109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}