EURAU Stablecoin Launched by Deutsche Bank and DWS Achieves Multi-Chain Expansion via Chainlink

The euro stablecoin EURAU, jointly launched by Deutsche Bank and asset management company DWS, has been expanded to multiple blockchain networks, including Ethereum, Arbitrum, Base, Optimism, Polygon, and Solana, through Chainlink's Cross-Chain Interoperability Protocol (CCIP). EURAU is a euro-backed stablecoin compliant with the EU's Markets in Crypto-Assets Regulation (MiCA), fully supported by reserves, and primarily used in scenarios such as corporate payments, fund management, and on-chain settlements. It also plans to further support the Canton network, which focuses on institutional financial applications. Alexander Höptner, CEO of AllUnity, stated that CCIP technology will enhance EURAU's usability in a multi-chain environment. Fernando Vazquez, Head of Banking and Capital Markets at Chainlink Labs, remarked that this integration lays the foundation for the next stage of development in European tokenized finance. EURAU was officially issued in July this year with approval from Germany's Federal Financial Supervisory Authority.