Deutsche Börse Introduces Third Euro-Based Stablecoin

German exchange group Deutsche Börse will integrate AllUnity's euro-pegged stablecoin 'EURAU' into its market infrastructure.

On the 26th (Korean time), Cointelegraph reported that Deutsche Börse said it will apply EURAU starting with institutional custody services through central securities depository Clearstream, and later plans to expand the integration to its entire service portfolio. Deutsche Börse's domestic stock market capitalization is about $2.23 trillion.

AllUnity and Deutsche Börse have signed a memorandum of understanding (MOU) in this regard, but the specific timing for implementation was not disclosed.

Deutsche Börse has recently been expanding its euro stablecoin strategy. After adopting Circle's Euro Coin (EURC) in September, it announced plans earlier this month to integrate Société Générale-Forge's EURCV. EURAU is a stablecoin issued by a BaFin-authorized electronic money institution in Germany, forming a multi-layered strategy alongside the bank-issued model EURCV and EURC, issued by a U.S.-based technology company.