Deutsche Bank’s DWS, market maestro Flow Traders, and crypto leader Galaxy Digital are joining forces to launch AllUnity, a Frankfurt-based company issuing a euro-backed stablecoin. This powerhouse trio aims to bridge the gap between traditional and digital finance, driving wider adoption of tokenized assets with their combined reach. AllUnity, aiming for a 2024 launch, will seek regulatory approval and manage its reserves through DWS’ expertise. Flow traders will ensure market liquidity for the stablecoin, bolstering its stability. This move reflects the growing interest in euro-denominated tokens, fueled by the EU’s crypto-friendly regulations.
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AllUnity Bridge for Euro-Backed Stablecoin Debuts in 2024!
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