Deutsche Bank-backed euro stablecoin EURAU achieves multi-chain expansion via Chainlink

ChainCatcher reported that EURAU, the euro stablecoin jointly launched by Deutsche Bank and asset management company DWS, has announced its expansion to multiple blockchain networks via Chainlink’s Cross-Chain Interoperability Protocol (CCIP), including Ethereum, Arbitrum, Base, Optimism, Polygon, and Solana. In the future, it will also expand to the Canton Network, which is designed for institutional financial applications.

EURAU is a euro stablecoin fully backed by reserves and compliant with the EU’s MiCA regulatory framework, mainly targeting scenarios such as inter-company payments, financial management, and on-chain settlement. AllUnity CEO Alexander Höptner stated that Chainlink’s CCIP will enable EURAU to “operate seamlessly across multiple blockchains,” enhancing its reach and utility. AllUnity received approval from the German Federal Financial Supervisory Authority in early July this year, allowing it to issue the EURAU stablecoin under the MiCA framework.