DWS plans to launch first regulated euro stablecoin in 2025
Stefan Hoops, CEO of asset management company DWS, announced on July 11th that the company plans to launch its first regulated euro stablecoin under a new joint venture called AllUnity by 2025. Hoops said that this stablecoin will be fully regulated by the German financial regulatory agency BaFin. He added that the company expects early demand for the stablecoin to come from cryptocurrency investors and anticipates growing interest from other groups over time.
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