The EURAU stablecoin, backed by Deutsche Bank and DWS, has expanded to multiple blockchain networks using Chainlink's Cross-Chain Interoperability Protocol (CCIP). This euro-denominated stablecoin is now available on Ethereum, Arbitrum, Base, Optimism, Polygon, and Solana, with plans to support the Canton network for institutional finance. EURAU, compliant with the EU's MiCA regulation, is fully backed by reserves and used for corporate payments and on-chain settlements.
Alexander Höptner, CEO of AllUnity, highlighted that CCIP technology will enhance EURAU's cross-chain functionality, while Fernando Vazquez from Chainlink Labs emphasized its role in advancing tokenized finance in Europe. The project, approved by Germany's BaFin in July, marks a significant step in the integration of traditional finance with blockchain technology.
Deutsche Bank's EURAU Stablecoin Expands Across Multiple Blockchains
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
 

 
 
 
  
  Rewards Hub
 Rewards Hub  
  
 