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DWS plans to launch first regulated euro stablecoin in 2025

CointimeCointime2024/07/12 01:52
By:Cointime

Stefan Hoops, CEO of asset management company DWS, announced on July 11th that the company plans to launch its first regulated euro stablecoin under a new joint venture called AllUnity by 2025. Hoops said that this stablecoin will be fully regulated by the German financial regulatory agency BaFin. He added that the company expects early demand for the stablecoin to come from cryptocurrency investors and anticipates growing interest from other groups over time.

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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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