Galaxy hopes to cooperate with DWS and Flow Traders to launch stable currency AllUnity
Cryptocurrency company Galaxy is looking to collaborate with asset management company DWS and trading expert Flow Traders to introduce a stablecoin to accelerate the widespread adoption of on-chain assets.The proposed stablecoin, named AllUnity, will be fully collateralized and priced in euros, and the entity plans to register in Frankfurt. Their next step involves applying for an electronic money license from the German financial regulatory authority BaFin, with the goal of launching the stablecoin in 12 to 18 months.A spokesperson stated that the stablecoin is intended to be launched on multiple public permissionless blockchains, including Ethereum and Solana.
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.
You may also like
XLM, UNI and AAVE gain double-digits as BTC reclaims $94k
Bitcoin’s metrics suggest bull market is far from overvalued
Jim Cramer, Known for His Wrong Comments, Shared His Last Opinion on Bitcoin and Cryptocurrencies
Jim Cramer, who is the butt of jokes in the cryptocurrency world with his predictions, has made new comments about Bitcoin. Here is everything he said.
Trending news
MoreCrypto prices
More
