Schuman Financial Launches Euro-Backed EURØP Stablecoin on XRP Ledger

Highlights:

• Schuman Financial has launched EURØP on XRPL to support euro-based payments.
• KPMG will audit EURØP, which Schuman Financial fully backs with reserves to ensure transparency.
• XRP Ledger provides a secure network for stablecoins with over 3 billion transactions and 200 validators.

Schuman Financial is now offering EURØP, a euro-backed stablecoin on the XRP Ledger (XRPL). EURØP is the first MiCA-compliant euro stablecoin to be launched on the XRPL. The amount of stablecoins in circulation is fully supported by euros or equal assets held by well-known European banks such as Société Générale. Schuman Financial issues the token according to guidelines that France’s ACPR sets.

$EURØP becomes first MiCA-compliant euro stablecoin on $XRP Ledger

EURØP, the first MiCA-compliant euro stablecoin, has been integrated into the XRP Ledger, enabling regulated euro settlements, DeFi and tokenized assets on XRPL, according to issuer @Schuman_io on X.

— CoinNess Global (@CoinnessGL) May 22, 2025

KPMG will audit the reserves supporting EURØP every quarter. The first report on the audit will become available three months after launch. It allows users to be fully sure about the backing behind each stablecoin. Users can redeem each token for one euro at any time. The setup helps users perform clear financial operations across digital markets.

EURØP brings a new Euro-native asset to XRPL, which is a fast and reliable blockchain network. The XRPL platform has handled over 3.3 billion transactions since it started. It works with more than six million active wallets and has over 200 validators. They help keep both the network and its transactions safe and fast. This environment provides a good base for stablecoins to operate.

XRPL Offers Secure Environment for Digital Asset Use

XRPL’s technical partnership with EURØP encourages the creation of many financial applications. It allows fast, low-cost payments between businesses and customers. It also supports lending, borrowing, and tokenized real-world assets. Users can make transactions in euros while staying in line with market requirements.

Martin Bruncko, CEO of Schuman Financial, said that EURØP brings together strong euro liquidity and the resilience of blockchain systems. He added, “EURØP on the XRPL combines the strength of a global blockchain with euro-native liquidity. This gives Europe a foundation for the next phase of financial innovation happening on-chain.” He added that this move reflects growing trust in digital euro solutions.

Cassie Craddock, Managing Director at Ripple for the UK and Europe, noted that EURØP highlights how stablecoins can help enable new ways of using finance. She believes the stablecoin will bring clarity and trust to payment systems and asset tokenization. There is an increase in interest for digital assets built on known and reliable guidelines. More institutions are now looking for trusted Euro-based digital options.

Until now, stablecoins in the market mostly followed the US dollar. The euro is the second most commonly used currency in the world. However, digital euro assets have not been widely available. EURØP fills this space with a strong euro-backed solution. This change brings balance and offers more choices to users in Europe.

Recently, Quantoz created the EURQ and USDQ stablecoins, both of which meet the requirements set by the European Union’s MiCA law. These tokens are tied to the euro and the U.S. dollar.

Compliance Access and Strategic Future for EURØP Stablecoin

Schuman Financial allows verified business clients to mint EURØP by exchanging euros for tokens. Users can also trade their tokens for euros on the platform. After completing verification, users, including retail customers, can access the services provided. It guarantees that users can access digital euros safely and easily. The system is set up so that all transactions are checked and recorded openly. Every token holds the same value as a corresponding euro saved in secure reserves.