Deutsche Börse introduces a third euro stablecoin, expanding its euro stablecoin layout

Deutsche Börse will integrate the euro stablecoin EURAU issued by AllUnity, further expanding its digital asset strategy. The two parties have signed a Memorandum of Understanding (MoU), but the launch date for the new feature has not yet been announced. Previously, Deutsche Börse has collaborated with Circle's Euro Coin (EURC) and Societe Generale-Forge's EUR CoinVertible (EURCV) from the on-chain division of Société Générale.

According to an announcement on November 26, Deutsche Börse plans to incorporate EURAU into its financial market infrastructure, initially providing custody services for institutional clients through its central securities depository Clearstream. The announcement also revealed plans to "integrate the euro stablecoin into the entire service portfolio" in the future.

This will bring the stablecoin into a large and expanding market. According to data from the World Federation of Exchanges (WFE), Deutsche Börse's domestic stock market has a market capitalization of approximately $2.23 trillion, with 474 listed companies.