DWS forms new joint venture to push ahead with plans to launch German-regulated euro stablecoin next year
According to Reuters, European fund giant DWS (DWSG.DE) has created a new company as part of its plan to launch its first German-regulated cryptocurrency next year.DWS, which is owned by Deutsche Bank and manages €941 billion (approximately $1 trillion) in assets globally, plans to launch the first euro stablecoin regulated by the German financial supervisory authority by 2025. The German financial supervisory authority declined to comment.
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