Asset manager DWS is planning to launch the first regulated euro-denominated 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...
The first client to use the tool will be a partnership between asset manager DWS, Flow Traders and Galaxy to manage a fully collateralized euro-denominated stablecoin, GK8 said.
Galaxy Digital teamed up with asset manager DWS last April to develop ETPs designed to give Europeans access to digital-asset investment through traditional brokerage accounts.
“Stablecoins will become important in the future” On the 14th, startup incubation company Y Combinator announced a list of areas it would like startups to work on. “Finance using stable coins” is also listed as one of the recommended areas. Y...
Deutsche
Bank has announced a significant increase that doubles its total local capital
to IDR 10 trillion (€600 million) for its operations in Indonesia. The infusion
of additional funds is aimed at fueling the banks growth within the...
Establishing a new company with stable coins Dutch market maker Flow Traders has partnered with Deutsche Bank’s DWS Group and major US cryptocurrency investment company Galaxy Digital to establish a company to issue euro-denominated stablecoins....
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