ChainCatcher news, according to Blockworks, Galaxy is seeking to collaborate with asset management company DWS and trading firm Flow Traders to introduce a stablecoin aimed at accelerating the widespread adoption of on-chain assets. This forward-looking plan leverages the opportunities provided by the European regulatory framework, but ultimately will depend on various approvals.The company stated on Wednesday that the proposed stablecoin AllUnity will be fully collateralized and denominated in euros. The entity plans to be registered in Frankfurt, with the next step being to apply for an E-money license from the German financial regulator BaFin. Galaxy aims to launch the stablecoin within 12 to 18 months.A spokesperson stated that AllUnity plans to launch on several public permissionless blockchains, including Ethereum and Solana.