DWS venture gets German finance regulator's approval for euro stablecoin
02/07/2025 08:24
FRANKFURT, July 2 (Reuters) - AllUnity, a joint venture that includes Deutsche Bank's DBKGn.DE asset manager DWS DWSG.DE, said on Wednesday it had received a license by the German regulator BaFin to issue a euro stablecoin. The plans for the stablecoin have been in the works for more than a year. Stablecoins are digital tokens designed to keep a constant value and are backed by traditional currencies such as the U.S. dollar or euro. (Reporting by Tom Sims, Editing by Miranda Murray) ((Tom.Sims@thomsonreuters.com; +49 30 220 133 645;))