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Schuman Financial’s EURØP today became the first euro-denominated stablecoin that both satisfies the European Union’s new Markets in Crypto-Assets (MiCA) regime and lives natively on the XRP Ledger (XRPL).
Launched from Paris on 22 May, the milestone ties MiCA-grade legal certainty to a blockchain that has already settled more than 3.3 billion transactions during its 12-year lifespan. “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,” said Martin Bruncko, Schuman Financial’s founder and CEO, in the announcement.
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XRP Ledger
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