Deutsche Bank-backed EURAU stablecoin launch: Key things to know

EURAU, a caller euro stablecoin task backed by Deutsche Bank’s DWS, Flow Traders and Mike Novogratz’s Galaxy, has debuted connected the Ethereum blockchain.

AllUnity — the institution backed and formed by the 3 firms — announced the motorboat of EURAU connected Thursday, making the regulated stablecoin publically disposable connected the past time of July.

The new stablecoin is regulated by the German Federal Financial Supervisory Authority (BaFin) and is compliant with the European Union’s Markets successful Crypto-Assets Regulation (MiCA).

EURAU volition initially beryllium disposable connected the Ethereum blockchain arsenic an ERC-20 token, with plans to grow to further networks aboriginal successful 2025, the announcement states.

Bullish Europe is the archetypal speech to database EURAU

Bullish Europe, a cryptocurrency trading level and custodian regulated by BaFin, volition beryllium the archetypal speech to connection EURAU for trading.

After receiving 4 licenses from BaFin successful December 2024, Bullish is yet to person a MiCA license. Headquartered successful Frankfurt, Bullish Europe is positioned for EU-wide enlargement nether the MiCA framework, the announcement added.

Source: Bullish Europe

The motorboat of EURAU besides involves cardinal ecosystem leaders, including large crypto custody institution BitGo.

Related: Hong Kong to statesman 6-month modulation play for caller stablecoin rules

Other ecosystem partners astatine motorboat see Metzler Bank, Tradevest Group, DLT Finance, Fireblocks, V-Bank, 21X, Hacken, Softstack and OAK Security.

Euro stablecoins marque up lone 0.2% of the market

EURAU’s motorboat comes arsenic euro-denominated stablecoins represent astir 0.2% of the $272.9 cardinal planetary stablecoin market, according to CoinGecko.

With a full capitalization estimated from $484 cardinal to $587 million, euro stablecoins airy successful examination to their US dollar counterparts, which dominate the abstraction with $268.6 cardinal successful marketplace cap. 

Top 5 euro-denominated stablecoins by marketplace capitalization arsenic of July 31, 2025. Source: CoinGecko

With Tether’s USDt (USDT) stablecoin unsocial having a $163.7 cardinal marketplace cap, the monolithic dominance of US dollar stablecoins has been a large interest among European fiscal authorities implicit the deficiency of euro-based alternatives.

Euro stablecoins surge 60% since precocious 2024

While euro-denominated stablecoins stay tiny successful examination to their US rivals, they person experienced important maturation successful caller months.

According to information from Crypto.com, the marketplace capitalization of euro stablecoins has accrued by astir 60% since December 2024, rising from $367 million to astir $587 million.

Despite the affirmative growth, immoderate European officials person admitted that the adoption of euro-pegged stablecoins remains limited contempt frameworks similar MiCA aimed astatine promoting their use.

On Monday, European Central Bank advisor Jürgen Schaaf called for planetary coordination successful regulating stablecoins to forestall the US dollar dominance, highlighting definite disparities betwixt regulatory approaches successful the US and the EU.

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