DWS To Launch Germany’s First Regulated Euro Stablecoin by 2025

Author: Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Jul 12, 2024 16:21

DWS, an asset management firm owned by Deutsche Bank, is planning to launch the first euro-denominated stablecoin regulated by Germany’s Federal Financial Supervisory Authority (BaFin). The CEO of DWS revealed that the stablecoin will cater to digital asset investors and industrial applications and stressed the expected wider demand for regulated digital currencies. Notably, This move aligns with the broader regulatory stage shaped by the MiCA framework in Europe. The framework has set comprehensive standards for stablecoin issuance, including requirements for whitepaper publication, governance, reserve management, and prudential standards.