According to TechFlame, according to Cointelegraph, AllUnity, a stablecoin company formed as a joint venture between asset management company DWS and banking giant Deutsche Bank, has obtained permission from Germany's Federal Financial Supervisory Authority (BaFIN) to issue EURAU, a Euro-linked stablecoin that complies with the crypto asset market regulation (MiCA) framework. The stablecoin program has been in the works for over a year, and this regulatory approval marks an important step forward in the joint venture's digital currency plans in the European market. EURAU will provide institutional reserve certificates and financial reports to ensure transparency.