Galaxy Digital，Allunity和MICA許可證：Euro Stablecoins的新時代

在Galaxy Digital的支持下，Allunity獲得了雲母許可證，為Eurau Stablecoin鋪平了道路，並為歐洲的數字融資提供了受監管的未來。

The digital finance landscape in Europe is heating up, and at the forefront of this transformation are key players like Galaxy Digital and AllUnity. With AllUnity securing a crucial MiCA license, the stage is set for the launch of EURAU, a fully regulated, euro-pegged stablecoin. Let's dive into what this means for the future of digital assets in Europe.

歐洲的數字金融景觀正在加熱，在這種轉變的最前沿是Galaxy Digital和Allunity等關鍵參與者。憑藉Allunity獲得關鍵的雲母許可證，該階段將旨在推出Eurau，這是一個受過嚴格監管的歐元賽車手。讓我們深入了解這對歐洲數字資產的未來意味著什麼。

AllUnity's MiCA License: A Game Changer

Allunity的雲母許可證：改變遊戲規則的人

On July 1, 2025, AllUnity, a joint venture backed by industry giants such as Deutsche Bank’s asset management arm DWS, Flow Traders, and Galaxy Digital, achieved a significant milestone. They obtained an E-Money Institution (EMI) license from BaFin, Germany’s Federal Financial Supervisory Authority. This license is more than just a regulatory nod; it's a gateway for AllUnity to launch EURAU, Germany’s first fully regulated, euro-pegged stablecoin compliant with the EU's Markets in Crypto-Assets (MiCA) regulations.

2025年7月1日，Allunity是一家由Deutsche Bank的資產管理部門DWS，Flow Traders和Galaxy Digital等行業巨頭支持的合資企業。他們獲得了德國聯邦財務監督當局巴芬的電子貨幣機構（EMI）許可證。該許可不僅僅是監管點頭。這是一門通道的門戶，這是德國第一個完全受監管的，歐洲的歐洲賽車，符合歐盟市場的加密資產（MICA）規定的歐洲符號。

What is EURAU and Why Does It Matter?

什麼是Eurau，為什麼重要？

EURAU is designed to be fully backed by euros held in German bank accounts, maintaining a 1:1 peg with the euro. This compliance with MiCA ensures institutional-grade transparency through regular proof-of-reserves and regulatory reporting. According to AllUnity CEO Alexander Höptner, this license is a “foundational step towards building a truly secure, transparent, and compliant digital cross-border payment ecosystem.”

Eurau旨在由德國銀行帳戶中持有的歐元完全支持，並與歐元保持1：1釘。這種遵守雲母可確保通過定期保留和監管報告來確保機構級透明度。根據Allunity首席執行官AlexanderHöptner的說法，該許可是“邁向建立真正安全，透明且合規的數字跨境支付生態系統的基本步驟”。

This stablecoin is tailored for regulated financial institutions, fintech platforms, and enterprise treasuries. It's designed to integrate seamlessly with various blockchains, including Ethereum, offering 24/7 instant cross-border settlements. With liquidity provided by Flow Traders, EURAU aims to bring stability and reliability to the European digital economy.

該Stablecoin是針對受監管的金融機構，金融科技平台和企業國庫量身定制的。它旨在與包括以太坊在內的各種區塊鏈無縫集成，提供24/7即時跨境定居點。借助流動者提供的流動性，Eurau旨在為歐洲數字經濟帶來穩定和可靠性。

The European Stablecoin Landscape

歐洲Stablecoin景觀

Europe is emerging as a significant battleground in the global stablecoin race, especially with MiCA regulations now in effect. The ECB's increasing scrutiny of stablecoins underscores the importance of regulatory compliance. MiCA classifies stablecoins as “e-money tokens,” imposing stringent requirements. AllUnity’s EURAU joins the ranks of other MiCA-compliant stablecoins like Circle’s EURC and Société Générale’s EURCV.

歐洲正在成為全球穩定種族的重要戰場，尤其是現在有效的雲母法規。歐洲央行對穩定幣的審查越來越強調了監管依從性的重要性。 MICA將穩定菌作為“電子貨幣代幣”歸類為嚴格的要求。 Allunity的Eurau加入了其他符合雲母的穩定的穩定股的行列，例如Circle的Eurc和Sociétégénérale的Eurcv。

However, EURAU stands out due to its backing by major firms like DWS, which manages over €1 trillion in assets. This partnership aims to set a new standard for digital payments in Europe and beyond. The license allows the fintech startup to set a new standard for utility in regulated environments, in addition to accelerating the evolution of the cross-border payments ecosystem.

但是，由於DWS等主要公司的支持，Eurau脫穎而出，該公司管理著超過1萬億歐元的資產。該合作夥伴關係旨在為歐洲及以後的數字支付設定新的標準。該許可證允許Fintech啟動設置在受監管環境中的實用程序的新標準，此外還可以加速跨境支付生態系統的演變。

Broader Implications and Market Trends

更廣泛的含義和市場趨勢

The rise of euro-backed stablecoins is driven by several factors. They offer a stable alternative for transactions and investments, hedging against fluctuations in the US dollar. The MiCA regulation provides a robust framework, requiring 1:1 reserve backing in EU-regulated banks, which ensures transparency and accountability.

歐元支持的穩定蛋白的興起是由幾個因素驅動的。他們為交易和投資提供了穩定的替代方案，反對美元的波動。雲母法規提供了一個強大的框架，需要在歐盟監管的銀行中進行1：1的儲備支持，以確保透明度和問責制。

Financial players like Paxos and Deutsche Bank are increasingly entering the European market, signaling growing trust from institutional players. Paxos recently introduced the Global-Dollar (USDG) in the EU, compliant with MiCA, while Ripple’s XRP Ledger (XRPL) added EURØP as its first euro-backed stablecoin.

像Paxos和Deutsche Bank這樣的財務參與者越來越多地進入歐洲市場，這表明機構參與者的信任日益增長。 Paxos最近在歐盟中引入了全球價（USDG），符合MICA，而Ripple的XRP Ledger（XRPL）將Eurøp添加為首個歐元支持的Stablecoin。

The US vs. Europe: A Regulatory Divide

美國與歐洲：監管鴻溝

The approach to stablecoin regulation differs significantly between Europe and the United States. While Europe has embraced MiCA, providing a comprehensive framework, the US lacks a unified federal regulation. However, there are signs of progress, with the US Senate recently passing the GENIUS Act, a bipartisan bill aimed at establishing a federal regulatory framework for stablecoins.

在歐洲和美國之間，穩定法規的方法有很大差異。儘管歐洲擁護雲母，提供了一個全面的框架，但美國缺乏統一的聯邦法規。但是，有一些進展的跡象，美國參議院最近通過了《天才法》，這是一項兩黨法案，旨在建立一個聯邦法規框架。

Metaplanet's Bitcoin Strategy: A Contrasting Approach

Metaplanet的比特幣策略：一種對比的方法

While AllUnity focuses on regulated stablecoins, other firms like Metaplanet are pursuing a different strategy: accumulating Bitcoin. Metaplanet recently surpassed Galaxy Digital in corporate bitcoin holdings, showcasing an aggressive approach to digital asset investment. As of June 30, 2025, Metaplanet holds 13,350 BTC, acquired for approximately $1.31 billion. This bold move highlights the diverse strategies companies are employing in the digital asset space.

儘管Allunity專注於監管的穩定劑，但Metaplanet等其他公司正在採取不同的策略：積累比特幣。 Metaplanet最近在公司比特幣控股中超過了Galaxy Digital，展示了一種積極的數字資產投資方法。截至2025年6月30日，Metaplanet持有13,350 BTC，收購約為13.1億美元。大膽的舉動強調了公司​​在數字資產領域採用的各種策略。

Final Thoughts

最後的想法

The intersection of Galaxy Digital, AllUnity, and the MiCA license marks a pivotal moment for digital finance in Europe. With EURAU poised to launch and other firms exploring different avenues in the crypto world, the future looks bright and full of possibilities. It's an exciting time to watch how these developments unfold and shape the financial landscape. So, buckle up and enjoy the ride!

Galaxy Digital，Allunity和MICA許可證的交集標誌著歐洲數字融資的關鍵時刻。隨著歐勞（Eurau）準備成立，其他公司探索加密貨幣世界中的不同途徑，未來看起來明亮而充滿了可能性。這是一個令人興奮的時刻，可以觀察這些發展如何展開並塑造財務格局。因此，搭扣並享受旅程！