The euro stablecoin EURAU supported by Deutsche Bank achieves multi-chain expansion through Chainlink

ChainCatcher news, Deutsche Bank and asset management company DWS's joint venture euro stablecoin EURAU announced its expansion to multiple blockchain networks through Chainlink's Cross-Chain Interoperability Protocol (CCIP), including Ethereum, Arbitrum, Base, Optimism, Polygon, and Solana, with future plans to expand to the Canton Network aimed at institutional financial applications.

EURAU is a euro stablecoin compliant with the EU MiCA regulatory framework, fully backed by reserves, primarily targeting scenarios such as inter-company 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 reach and utility. AllUnity received permission from the German Federal Financial Supervisory Authority in early July this year to issue the EURAU stablecoin in accordance with the MiCA framework.