Financial infrastructure provider Schuman Financial has integrated its MiCA-compliant euro-based stablecoin on the XRP ledger called the EUROP stablecoin, according to a press release by Ripple on May 22, 2025. It is a stablecoin that is redeemable on a 1:1 basis with the Euro. The EUROP stablecoin is backed by reserves in government-supervised EU-based banks such as Societe Generale.
The MiCA framework is a unified set of EU-based market rules for crypto assets. The emerging regulation seeks to provide clarity for firms looking to issue or provide trading services for crypto assets.
???????? @Schuman_io Financial’s EURØP becomes the first MiCA-compliant euro stablecoin on the XRP Ledger. https://t.co/VUALNB9QSY
A key step toward compliant stablecoin adoption, enabling payments, tokenized RWAs, and onchain finance in Europe.— RippleX (@RippleXDev) May 22, 2025
“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 Schuman Financial CEO Martin Bruncko.
As per the website, the EUROP stablecoin aims to become the preferred choice for euro-based transactions in DeFi, payments, on-chain FX, lending, and borrowing.
“The launch of EURØP on the XRP Ledger demonstrates how stablecoins can meet the high standards set by MiCA while unlocking new possibilities for on-chain use cases such as payments and real-world asset tokenization,” said Ripple’s UK & Europe Managing Director, Cassie Craddock.
The XRP ledger has processed 3.3 billion transactions over the last ten years and supports over 6 million wallets.