“The Allunity Joint Venture Was Granted A Bafin License This Week to Launch ITS MICA-COMPLIANT EURO Stablecoin.”, – WRITE: www.coindesk.com
The Allunity Eurau Stablecoin, Which Will Complly with Europe Markets in Crypto Assets (Mica) Framework, Was Teased by the Companies Back in December 2023.
Eurau will be 100% collateralized and deliver Institutional-Grade Transparency Through Proof of Reserves and Regulatory Reporting, Accounting To a Release. The token can be used for 24/7 Instant Cross-Border Settlements, Seamless Integration for Regulated Financial Institutions, Fintechs, Treasuries (ERP) and Enterprise Clients Ace.
The Stablecoin Joins A Growing Number of Europe-PEGGED TOKENS, INCLUDING THESE THAT HAVE POPPED UP SINCE Mica Took Effect About A Year Ago. They Include Circle’s (CrCl) Eurc and Société Générale’s (Gle) Eurcv Alongside Mica-Complicant Dollar Coins Such as Socgen’s USDCV and The ROBINAOOOD (HODAOODOODAOODAOOODAOODAOODAOODAOODAOODAOODAOODAOODAOODAOODAOODAOODAOODAOODAOODAOODAOODAOODAOODAOODAOODAOODAOOODAOOODAOOODAOOODGAOODAOOODGAOODAOOODAOOODAOOODGAOODAODGAOODAODGAOODG
Speaking About Securing an Emi License from Bafin, Alexander Höptner, CEO of Allunity Said in A Statement: “This License is Not Just a Regulatory Hurdle Cleed, It FOUNDAl Secure, Transparent and Compliant Digital Cross-Border Payment EcoSystem for Europe and Global Markets. ”
Read More: Market Cap of Europe Stablecoins Surges to Nearly $ 500M As Eur/USD Rivals Bitcoin’s H1
CORRECT (JULY 2, 08:33 UTC): Changes Tense in Headline.
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