Galaxy Digital，Allunity和MICA许可证：Euro Stablecoins的新时代

在Galaxy Digital的支持下，Allunity获得了云母许可证，为Eurau Stablecoin铺平了道路，并为欧洲的数字融资提供了受监管的未来。

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.

欧洲的数字金融景观正在加热，在这种转变的最前沿是Galaxy Digital和Allunity等关键参与者。凭借Allunity获得关键的云母许可证，该阶段将旨在推出Eurau，这是一个受过严格监管的欧元赛车手。让我们深入了解这对欧洲数字资产的未来意味着什么。

AllUnity's MiCA License: A Game Changer

Allunity的云母许可证：改变游戏规则的人

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的资产管理部门DWS，Flow Traders和Galaxy Digital等行业巨头支持的合资企业。他们获得了德国联邦财务监督当局巴芬的电子货币机构（EMI）许可证。该许可不仅仅是监管点头。这是一门通道的门户，这是德国第一个完全受监管的，欧洲的欧洲赛车，符合欧盟市场的加密资产（MICA）规定的欧洲符号。

What is EURAU and Why Does It Matter?

什么是Eurau，为什么重要？

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旨在由德国银行帐户中持有的欧元完全支持，并与欧元保持1：1钉。这种遵守云母可确保通过定期保留和监管报告来确保机构级透明度。根据Allunity首席执行官AlexanderHöptner的说法，该许可是“迈向建立真正安全，透明且合规的数字跨境支付生态系统的基本步骤”。

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.

该Stablecoin是针对受监管的金融机构，金融科技平台和企业国库量身定制的。它旨在与包括以太坊在内的各种区块链无缝集成，提供24/7即时跨境定居点。借助流动者提供的流动性，Eurau旨在为欧洲数字经济带来稳定和可靠性。

The European Stablecoin Landscape

欧洲Stablecoin景观

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.

欧洲正在成为全球稳定种族的重要战场，尤其是现在有效的云母法规。欧洲央行对稳定币的审查越来越强调了监管依从性的重要性。 MICA将稳定菌作为“电子货币代币”归类为严格的要求。 Allunity的Eurau加入了其他符合云母的稳定的稳定股的行列，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，由于DWS等主要公司的支持，Eurau脱颖而出，该公司管理着超过1万亿欧元的资产。该合作伙伴关系旨在为欧洲及以后的数字支付设定新的标准。该许可证允许Fintech启动设置在受监管环境中的实用程序的新标准，此外还可以加速跨境支付生态系统的演变。

Broader Implications and Market Trends

更广泛的含义和市场趋势

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.

欧元支持的稳定蛋白的兴起是由几个因素驱动的。他们为交易和投资提供了稳定的替代方案，反对美元的波动。云母法规提供了一个强大的框架，需要在欧盟监管的银行中进行1：1的储备支持，以确保透明度和问责制。

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这样的财务参与者越来越多地进入欧洲市场，这表明机构参与者的信任日益增长。 Paxos最近在欧盟中引入了全球价（USDG），符合MICA，而Ripple的XRP Ledger（XRPL）将Eurøp添加为首个欧元支持的Stablecoin。

The US vs. Europe: A Regulatory Divide

美国与欧洲：监管鸿沟

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.

在欧洲和美国之间，稳定法规的方法有很大差异。尽管欧洲拥护云母，提供了一个全面的框架，但美国缺乏统一的联邦法规。但是，有一些进展的迹象，美国参议院最近通过了《天才法》，这是一项两党法案，旨在建立一个联邦法规框架。

Metaplanet's Bitcoin Strategy: A Contrasting Approach

Metaplanet的比特币策略：一种对比的方法

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.

尽管Allunity专注于监管的稳定剂，但Metaplanet等其他公司正在采取不同的策略：积累比特币。 Metaplanet最近在公司比特币控股中超过了Galaxy Digital，展示了一种积极的数字资产投资方法。截至2025年6月30日，Metaplanet持有13,350 BTC，收购约为13.1亿美元。大胆的举动强调了公司在数字资产领域采用的各种策略。

Final Thoughts

最后的想法

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许可证的交集标志着欧洲数字融资的关键时刻。随着欧劳（Eurau）准备成立，其他公司探索加密货币世界中的不同途径，未来看起来明亮而充满了可能性。这是一个令人兴奋的时刻，可以观察这些发展如何展开并塑造财务格局。因此，搭扣并享受旅程！