According to a report by Cointelegraph on October 31, Deep Tide TechFlow announced that the euro stablecoin EURAU, a joint venture between Deutsche Bank and asset management company DWS, is expanding to multiple blockchain networks through Chainlink's cross-chain interoperability protocol (CCIP), including Ethereum, Arbitrum, Base, Optimism, Polygon, and Solana, with plans to further expand to the Canton Network for institutional financial applications.
EURAU is a euro stablecoin that complies with the EU's MiCA regulatory framework, fully backed by reserves, primarily aimed at scenarios such as inter-business payments, financial management, and on-chain settlements. AllUnity CEO Alexander Höptner stated that Chainlink's CCIP will enable EURAU to “operate seamlessly across multiple blockchains,” enhancing its coverage and practicality.
AllUnity obtained a license from the German Federal Financial Supervisory Authority in early July this year, allowing it to issue the EURAU stablecoin under the MiCA framework.
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