Cryptocurrency company Galaxy is looking to collaborate with asset management company DWS and trading expert Flow Traders to introduce a stablecoin to accelerate the widespread adoption of on-chain assets.The proposed stablecoin, named AllUnity, will be fully collateralized and priced in euros, and the entity plans to register in Frankfurt. Their next step involves applying for an electronic money license from the German financial regulatory authority BaFin, with the goal of launching the stablecoin in 12 to 18 months.A spokesperson stated that the stablecoin is intended to be launched on multiple public permissionless blockchains, including Ethereum and Solana.

CertiK, a global leader in blockchain security, recently introduced stablecoin security auditing and compliance consulting services, aimed at bolstering the safety of stablecoins and advancing Web3.0 technology applications. The firm provided expert advice on the regulatory framework for stablecoins to the Monetary Authority of Singapore (MAS), earning recognition. Their services include smart contract auditing and blockchain security evaluations, meeting compliance requirements across various regions globally, and fostering innovation and safety in the stablecoin sector.

According to Ledger Insights, on December 13th, Japanese stablecoin technology provider GUGroup completed a financing round of 420 million yen (approximately 2.9 million USD), with Japanese investment firm B Dash Ventures participating. GUGroup also raised some funds by selling tokens to some overseas investors.

On December 13th, Standard & Poor's Global Ratings announced its evaluation of the stability of eight stablecoins, including Dai (Dai), First Digital USD (FDUSD), Tether (USDT), Frax (Frax), TrueUSD (TUSD), USD Coin (USDC), USDP, and GUSD. Analysts mainly focus on the "quality of the assets supporting stablecoins." Overall quality is measured by custody risk, credit, and market value.

AXA Investment Managers has completed its first real-time market transaction using a stablecoin issued by Societe Generale's digital asset department, SG Forge. In this transaction, AXA IM first purchased 5 million euros worth of the CoinVertible stablecoin (EURCV), which is a digital asset deployed on the Ethereum public blockchain and pegged to the euro. It was then used to invest in green bonds issued by Societe Generale on the Ethereum public blockchain in the form of "security tokens".

Basel Committee on Banking Standards, a global bank standard setter, plans to discuss potential revisions to stablecoin standards. This news was released after the committee evaluated the elements of the bank's cryptocurrency risk-prudent standards released in December last year.

Stablecoin issuer Lybra Finance announced it will grant 9,900 LBR tokens to DeFi lending platform MYSO. This grant will be used to create lending markets for eUSD, peUSD, and LBR on the Ethereum network, as well as to launch multiple credit markets by providing initial and smaller-scale seed funding.

Societe Generale FORGE, a subsidiary of French banking group Societe Generale, has launched a stablecoin called EUR CoinVertible (EURCV) tied to the Euro and issued on the Ethereum blockchain. The stablecoin aims to provide stability and safety in the volatile world of digital assets, and is backed by cash deposits and cash equivalents denominated in EUR. Crypto exchange Bitstamp is the first to list EURCV, and is opening order books for the EURCV/USDT and EURCV/EUR trading pairs. Initially, deposits and withdrawals will only be enabled for investors whitelisted by Societe Generale, and the bank's existing KYC and AML compliance procedures will apply to onboarding digital token holders.

The market value of stablecoin FDUSD has approached the $1 billion mark. Since August 4, 2023, the supply has increased by 253%. Currently, the circulation of FDUSD tokens is 921 million.

Stablecoin issuer STASIS has announced a multi-chain integration with Stellar, bringing a new digital version and transparent, euro-based stablecoin to the Stellar network. STASIS EURO is a constituent and regulator of the European stablecoin, and a major participant in the market. EURS assets are settled with Euro-Guthaben at a ratio of 1:1 and are reserved in the Central Bank of Lithuania (Zentralbank Litauens).