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.
“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.
