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Bitcoin World
2024-07-13 08:36:24

DWS Confirms Plans To Launch First Regulated Euro-Backed Stablecoin In 2025

DWS Confirms Plans To Launch First Regulated Euro-Backed Stablecoin In 2025

Asset manager DWS is planning to launch the first regulated euro-backed stablecoin in 2025 under a new joint venture firm called AllUnity, the firm’s CEO Stefan Hoops told Reuters on July 11. Hoops said the stablecoin will be fully regulated under Germany’s financial regulator, BaFin. He added that the firm expects crypto investors to create

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