KEY TAKEAWAYS
- Schuman Financial has integrated its MiCA-compliant euro stablecoin, EURØP, onto the XRP Ledger, enhancing euro-denominated stablecoin use on a major blockchain.
- EURØP is fully euro-backed, audited by KPMG, and safeguarded by leading European financial institutions, ensuring high compliance and security standards.
- The integration with XRPL supports various use cases, including DeFi applications and tokenized real-world assets, marking a strategic move for euro-denominated payments on-chain.
- This development underscores Europe’s growing role in stablecoin innovation, driven by supportive regulations and institutional adoption.
Paris, May 22nd: Schuman Financial has announced the native integration of its MiCA-compliant euro stablecoin, EURØP, onto the XRP Ledger (XRPL). This development represents a significant advancement in the use of compliant euro-denominated stablecoins on one of the world’s most widely utilized blockchains.
EURØP is a fully euro-backed and redeemable stablecoin issued by Schuman Financial, a licensed Electronic Money Token (EMT) issuer regulated by the ACPR, the supervisory authority of the French Central Bank. The stablecoin’s reserves are regularly audited by KPMG and are safeguarded at leading European financial institutions, including Societe Generale.
Martin Bruncko, Founder and CEO of Schuman Financial, stated, “EURØP on the XRPL combines the resilience of a global blockchain with euro-native liquidity and compliance at its core. This will give Europe and euro-denominated financial markets an integral infrastructure for the next wave of financial innovation, which is happening on-chain.”
Integration with XRP Ledger
The integration brings a euro-native settlement asset to the XRPL, a Layer 1 blockchain designed for institutional use. Over the past decade, the XRPL has processed over 3.3 billion transactions and supports over six million active wallets with a network of more than 200 validators. This makes XRPL an ideal environment for stablecoins like EURØP.
EURØP will enable various use cases, including decentralized finance (DeFi) applications, tokenized real-world assets (RWAs), and both business-to-business (B2B) and business-to-consumer (B2C) payment flows. For Schuman Financial, this integration is the first step in a broader strategy focused on euro-denominated payment use cases across the ecosystem, facilitating the euro leg of on-chain transactions.
Implications for Euro Stablecoins
The launch of EURØP on the XRP Ledger highlights how stablecoins can adhere to the high standards set by the Markets in Crypto-Assets (MiCA) regulation while unlocking new possibilities for on-chain use cases such as payments and real-world asset tokenization. Cassie Craddock, Managing Director, UK & Europe at Ripple, commented, “With Europe putting in place clear, supportive regulation and institutional adoption accelerating, the region is emerging as a key market for stablecoin innovation. We’re proud to work with companies like Schuman Financial to lay the foundation for enterprise-grade infrastructure that supports Europe’s blockchain economy.”
This announcement follows growing momentum around euro stablecoins across Europe, as institutions prepare for MiCA enforcement and seek digital currencies that meet European regulatory standards. EURØP’s position as the first euro stablecoin on XRPL reflects Schuman Financial’s reputation for regulatory alignment and reliability in building institutional-grade infrastructure for the digital euro economy.
For more information, the official announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Schuman Financial’s integration of its MiCA-compliant euro stablecoin, EURØP, onto the XRP Ledger marks a pivotal step in the evolution of euro-denominated digital assets within regulated frameworks. This initiative not only aligns with the latest regulatory standards but also enhances the utility of the XRP Ledger for stablecoin transactions.
Recent industry reports indicate that the adoption of euro stablecoins in Europe is heavily influenced by new regulatory frameworks like MiCA. This trend is evident as Schuman Financial’s EURØP complies with these regulations, demonstrating the shift towards regulated stablecoin ecosystems.
According to a TechNode Global report, the integration of stablecoins with the XRP Ledger is seen as a significant step towards enhancing cross-border payments and financial flows. This supports the importance of EURØP’s launch on the XRP Ledger, which aims to leverage its infrastructure for efficient and secure euro-denominated transactions.
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