FRANKFURT, July 2 (Reuters) - AllUnity, a joint venture that includes Deutsche Bank's (DBKGn.DE) , opens new tab asset manager DWS (DWSG.DE) , opens new tab, said on Wednesday it had received a license by the German regulator BaFin to issue a euro stablecoin.

The plans for the stablecoin have been in the works for more than a year.

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Stablecoins are digital tokens designed to keep a constant value and are backed by traditional currencies such as the U.S. dollar or euro.

https://www.reuters.com/business/finance/dws-venture-gets-german-finance-regulators-approval-euro-stablecoin-2025-07-02/