Schuman Financial Integrates Euro-Backed Stablecoin with Ripple’s XRPL
Schuman Financial announced the integration of its euro-backed stablecoin, EURØP, onto Ripple's XRP Ledger (XRPL), marking the first MiCA-compliant euro stablecoin to operate on this blockchain. EURØP is fully backed 1:1 by euros held in major European banks, such as Société Générale, and is regulated by the French ACPR under the EU's Markets in Crypto-Assets (MiCA) framework. The stablecoin's reserves are audited by KPMG to ensure transparency and compliance.
The integration of EURØP onto XRPL brings a euro-native settlement asset to the blockchain, enabling use cases like decentralized finance (DeFi) applications, tokenized real-world assets (RWAs), and both B2B and B2C payment flows. XRPL has processed over 3.3 billion transactions and supports more than six million active wallets, making it a robust platform for stablecoins like EURØP.
Martin Bruncko, founder and CEO of Schuman Financial, emphasized that this move combines the resilience of a global blockchain with euro-native liquidity and compliance, providing essential infrastructure for the next wave of financial innovation in Europe.
