DWS plans to launch the first regulated euro stablecoin in 2025

Stefan Hoops, CEO of asset management firm DWS, said on July 11 that the company plans to launch its first regulated euro stablecoin in 2025 under a new joint venture called AllUnity. Stefan Hoops said that the stablecoin will be fully regulated by the German financial regulator BaFin. He added that the company expects cryptocurrency investors to create early demand for stablecoins and believes that interest in the token will also grow from other groups over time.