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