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Deutsche Börse Introduces Third Euro Stablecoin, Expanding Euro Stablecoin Landscape
BlockBeats News, November 26th, Deutsche Börse will integrate the Euro stablecoin EURAU issued by AllUnity, further expanding its digital asset strategy. The two parties have signed a Memorandum of Understanding (MoU), but the launch date of the new feature has not yet been announced. Previously, Deutsche Börse has collaborated with Circle's Euro Coin (EURC) and Societe Generale-Forge's EUR CoinVertible (EURCV) from the blockchain division of BNP Paribas.
According to the announcement on November 26th, Deutsche Börse plans to incorporate EURAU into its financial market infrastructure, starting with providing custody services for institutional clients through its subsidiary central securities depository Clearstream. The announcement also revealed that in the future, they will work on "integrating the Euro stablecoin into the entire service product portfolio."
This will bring the stablecoin into a large and continuously expanding market. According to World Federation of Exchanges (WFE) data, Deutsche Börse's domestic stock market has a market capitalization of approximately $2.23 trillion, with 474 listed companies.
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