KEY TAKEAWAYS
- Kraken has launched trading for the euro-pegged stablecoin, EUROP, enhancing euro transactions on its platform.
- Users must ensure deposits are made through supported networks to avoid loss, with trading available once liquidity conditions are met.
- EUROP, issued by Schuman Financial, is fully-backed and audited quarterly, aiming to decentralize European digital finance.
Kraken has announced that the euro-pegged stablecoin, EUROP, is now available for trading on its platform. The trading for EUROP went live at 15:00 UTC on March 12, 2025. This addition allows users to engage in seamless on-chain euro transactions using the stablecoin.
To begin trading EUROP, users need to navigate to the Funding section of their Kraken account, select EUROP, and proceed with the deposit. It is crucial for users to ensure that deposits are made using networks supported by Kraken, as deposits made through unsupported networks will be lost.
Trading via the Kraken App and Instant Buy will become available once liquidity conditions are met. This means that a sufficient number of buyers and sellers must enter the market to ensure efficient order matching. Additionally, geographic restrictions may apply to certain users.
About EUROP Stablecoin
EUROP is a fully-backed, euro-pegged stablecoin issued by Schuman Financial. It is designed to facilitate seamless on-chain euro transactions. The stablecoin’s reserves are held at leading European institutions and are audited quarterly by KPMG, ensuring stability, transparency, and regulatory compliance. EUROP aims to lead the decentralization of European digital finance as the industry moves on-chain.
Kraken has indicated that more assets will be made available in the future. However, the platform maintains a policy of not revealing details about upcoming listings until shortly before their launch. All available tokens can be found on Kraken’s Listings Roadmap and social media profiles.
For more details, visit the official announcement here.
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