TechFlow, October 31 — According to Cointelegraph, the euro-backed stablecoin EURAU, a joint venture between Deutsche Bank and asset management firm DWS, announced it has expanded to multiple blockchain networks—including Ethereum, Arbitrum, Base, Optimism, Polygon, and Solana—via Chainlink's Cross-Chain Interoperability Protocol (CCIP). Future expansion to the Canton Network, designed for institutional financial applications, is also planned.
EURAU is a euro stablecoin compliant with the EU's MiCA regulatory framework and fully backed by reserves, primarily targeting use cases such as business-to-business payments, treasury management, and on-chain settlements. Alexander Höptner, CEO of AllUnity, stated that Chainlink’s CCIP will enable EURAU to "operate seamlessly across multiple blockchains," enhancing its reach and utility.
AllUnity received authorization from Germany's Federal Financial Supervisory Authority (BaFin) in early July this year, permitting it to issue the EURAU stablecoin under the MiCA framework.
