Deutsche Börse introduces a third euro stablecoin, expanding its euro stablecoin portfolio
ChainCatcher News, Deutsche Börse will integrate the EURAU euro stablecoin issued by AllUnity, further expanding its digital asset strategy. The two parties have signed a Memorandum of Understanding (MoU), but the launch date for the new functionality has not yet been announced. Previously, Deutsche Börse had already partnered with Circle's Euro Coin (EURC) and Societe Generale-Forge's EUR CoinVertible (EURCV).
According to the announcement on November 26, Deutsche Börse plans to include EURAU in its financial market infrastructure, initially providing custody services for institutional clients through its central securities depository, Clearstream. The announcement also revealed that in the future, there will be efforts to "integrate this euro stablecoin into the entire service product portfolio."
This will bring the stablecoin into a large and continuously expanding market. According to data from the World Federation of Exchanges (WFE), Deutsche Börse's domestic stock market has a market capitalization of approximately $2.23 trillion, with 474 listed companies.
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.
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