Search results for MiCAR
Crypto
European exchange 21bitcoin starts paying interest on idle euro balances, paid in bitcoin
European crypto trading platform 21bitcoin has started paying 1.21 percent annual interest on uninvested euro balances left in customer accounts. Users can receive the interest in bitcoin without separate currency conversion fees. The interest is paid by German bank Volksbank Raiffeisenbank Bayern Mitte eG, which holds a stake in 21bitcoin, with customer funds kept in segregated trust accounts. The rate is variable and subject to German withholding tax.
Crypto
AllUnity launches dollar-pegged USDAU stablecoin
European stablecoin issuer AllUnity has launched USDAU, a stablecoin pegged to the U.S. dollar. The launch expands its lineup of fiat-backed stablecoins regulated under the EU\'s Markets in Crypto-Assets (MiCA) rules to four. USDAU is designed to maintain a 1-to-1 value with the dollar and will initially support networks including Ethereum and Solana. Its CEO said Europe’s concern is oversight and enforceable redemption rights, not the dollar itself.
Crypto
UK\'s ClearBank partners with Taurus to expand stablecoin services
UK-based clearing bank ClearBank is partnering with digital asset infrastructure provider Taurus to expand its stablecoin services, CoinDesk reported. ClearBank plans to use Taurus-PROTECT as wallet infrastructure for digital asset services. The partnership is part of ClearBank’s digital asset strategy, with an initial focus on stablecoins. The integration will support financial institutions issuing and redeeming MiCAR-compliant USDC and EURC using Taurus-PROTECT connectivity linked to Circle’s platform.