The post Galaxy Digital-Backed AllUnity Secures MiCA License To Drive Stablecoin Growth appeared on BitcoinEthereumNews.com.

AllUnity, a joint venture backed by Galaxy Digital, has received an E-Money Institution (EMI) license from BaFin. This license from the German Federal Financial Supervisory Authority (BaFin) offers AllUnity a path for stablecoin growth. Galaxy Digital-Backed AllUnity to Launch a Euro-Backed Stablecoin Galaxy Digital CEO Mike Novogratz gave the announcement in an X post. The BaFin license would allow AllUnity to issue a fully regulated Euro Stablecoin, EURAU. This will be the first BaFin-regulated stablecoin. It complies with the EU Markets in Crypto-Assets Regulation (MiCAR) framework. It is designed for 24/7 instant cross-border settlements. Upon release, EURAU will be 100% collateralized. Also, it is expected to deliver institutional-grade transparency through proof-of-reserves and regulatory reporting. EURAU is built for regulated financial institutions. Fintechs, Treasuries (ERP), and enterprise clients across Europe can use EURAU to perform seamless transactions following key integrations. Therefore, the stablecoin addresses the critical need for liquidity in the European digital economy. The EMI license allows the fintech startup to set a new standard for utility in regulated environments. This is in addition to accelerating the evolution of the cross-border payments ecosystem. AllUnity partnered with leading industry giants, including DWS, Flow Traders, and Galaxy, for the launch. The Mike Novogratz-backed firm bridges traditional finance and digital assets with its institutional-grade infrastructure and real-time settlement. Image Source: Mike Novogratz on X Alexander Höptner, CEO of AllUnity, wrote: “Securing the EMI license from BaFin is a monumental achievement for AllUnity and a testament to our dedication to regulatory excellence. We are immensely proud to be at the forefront of this innovation, meeting the highest standards of regulation and trust with the support of our esteemed partners.” EURAU Creates a Gateway to Europe The EMI license comes at a crucial time when stablecoins are being increasingly considered reliable to restore financial autonomy…

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Filed under: News - @ July 4, 2025 1:20 am