Galaxy hopes to cooperate with DWS and Flow Traders to launch stable currency AllUnity
Cryptocurrency company Galaxy is looking to collaborate with asset management company DWS and trading expert Flow Traders to introduce a stablecoin to accelerate the widespread adoption of on-chain assets.The proposed stablecoin, named AllUnity, will be fully collateralized and priced in euros, and the entity plans to register in Frankfurt. Their next step involves applying for an electronic money license from the German financial regulatory authority BaFin, with the goal of launching the stablecoin in 12 to 18 months.A spokesperson stated that the stablecoin is intended to be launched on multiple public permissionless blockchains, including Ethereum and Solana.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC prepares for potential government shutdown amid congressional impasse
Share link:In this post: The SEC is gearing up for a potential government shutdown. The shutdown will focus on core operations. Other routine processes, such as ETF applications, might be paused.
Metaplanet rides 2200% stock growth wave to enter US market with Bitcoin focus
Metaplanet's CEO Simon Gerovich sees US expansion as crucial for global investor confidence in the firm's Bitcoin focus.
Bitcoin loses $100k as markets continue to slide in reaction to Fed’s slower pace for 2025
In addition to Jerome Powell's recent remarks on the US interest rate policy, a potential government shutdown is in play.
Unpacking the Santa rally that never was
Going into an FOMC meeting, a constellation of factors come together to affect the event’s price outcome
Trending news
MoreCrypto prices
More
