EURØP is a fully redeemable, euro-backed stablecoin, issued by Schuman Financial—a licensed electronic money token (EMT) issuer regulated by France’s ACPR, the supervisory arm of the French Central Bank. Its reserves are audited by KPMG and held in top-tier financial institutions including Société Générale.

“EURØP on the XRPL combines the resilience of a global blockchain with euro-native liquidity and compliance at its core,” said Martin Bruncko, CEO of Schuman Financial.

The XRPL, a high-performance, institutional-ready Layer 1 blockchain, has processed over 3.3 billion transactions to date, supports over 6 million wallets, and is maintained by a decentralized network of 200+ validators. Schuman’s integration introduces a native euro settlement layer to the XRPL for use in DeFi, tokenized real-world assets (RWAs), B2B/B2C payments, and more.

“This shows how stablecoins can meet MiCA’s high standards while unlocking new use cases,” said Cassie Craddock, Managing Director of Ripple UK & Europe.

The move comes as Europe accelerates toward full MiCA enforcement, positioning EURØP as the first MiCA-compliant euro stablecoin on XRPL and a front-runner in Europe’s regulated digital currency race.

With MiCA providing clear regulatory guidance, EURØP is poised to become a cornerstone of the euro-denominated on-chain economy, supporting institutions, fintechs, and developers in building the next generation of blockchain-powered financial infrastructure.

Source

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Filed under: Bitcoin - @ May 22, 2025 11:15 am