TechFlow, July 31 — According to Bloomberg, AllUnity, a company backed by DWS Group of Deutsche Bank, Dutch market maker Flow Traders, and financial services provider Galaxy Digital, announced on July 31 the launch of EURAU, a euro-backed stablecoin. Issued on the Ethereum blockchain, the stablecoin is fully collateralized by reserves held at multiple European banks and complies with the European Union's regulatory framework for crypto assets. Bullish exchange will serve as its initial listing platform.
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