EURØP Stablecoin Launches on Ripple's XRPL Targeting European Expansion of Digital Currencies

On May 22, 2025, RippleX's official Twitter account announced the EURØP Stablecoin launch onto Ripple's XRPL. This euro-backed digital asset marks the first euro stablecoin compliant with the MiCA License and available on the blockchain.

On May 22, 2025, Announced the Launch of EURØP Stablecoin on XRPL.

The launch of EURØP Stablecoin on Ripple’s XRPL (XRPL) was announced by RippleX’s official Twitter account on May 22, 2025. This euro-backed digital asset is the first euro stablecoin to be launched with the MiCA License and is available on a major blockchain.

The launch is designed to support financial applications within Europe’s digital economy and facilitate the tokenization of real-world assets. It also provides an option for regulated on-chain payment services to operate with clarity. Schuman Financial is issuing the stablecoin under European regulatory oversight, and the reserves will be audited by KPMG.

Integration with XRPL will facilitate efficient and secure asset transfers, contributing to financial inclusion. This step signifies the integration of regulated blockchain infrastructure into mainstream financial services.

EURØP Stablecoin is fully redeemable and backed by cash or cash equivalents. It is being issued by Schuman Financial with full regulatory coverage from France’s ACPR and supervision from a European regulator.

Major European bank, Société Générale, will be holding the EURØP Stablecoin’s reserve holdings, which will be audited on a quarterly basis by KPMG. The initial audit report is expected within three months of the stablecoin’s launch. This approach aligns with MiCA requirements for clear financial governance.

Users can trust that each EURØP token is backed by one euro, which will be held in a dedicated account. In addition to this core structure, there will be regular external independent reviews to provide further confidence in the stablecoin’s full reserve backing and governance.

Martin Bruncko, CEO of Schuman Financial, highlighted the importance of combining native euro liquidity with blockchain security for optimal performance. He explained that XRPL supports a global distributed ledger infrastructure, capable of handling a large volume of transactions.

XRPL has already processed more than three billion transactions since its launch, and it currently boasts more than six million active wallets and over two hundred validators who continuously maintain the network’s decentralization and integrity. This mature blockchain environment is ideal for deploying compliant stablecoins with high performance and security.

The integration of EURØP Stablecoin aims to enhance Europe’s role in on-chain financial activities. Schuman Financial anticipates that this initiative will drive the adoption of the euro in the new digital economy.

Commenting on the EURØP Stablecoin launch, Cassie Craddock, Managing Director for UK and Europe at Ripple, stated that stablecoins can now meet regulatory expectations while fostering innovation. She highlighted that the MiCA License provides a legal framework for compliant digital euro assets, and institutional actors are increasingly interested in regulated stablecoin solutions across the globe.

Europe is at the forefront of adopting digital currencies with clear rules, and EURØP showcases the practical benefits for both payment processing and asset digitalization. This regulated asset aims to connect traditional finance institutions and blockchain innovators in a responsible manner.

With these clear compliance standards, we may see broader adoption of euro-based tokens in the coming year.

Introducing a euro-native settlement asset on Ripple’s XRPL unlocks diverse practical use cases for B2B and B2C payments. Decentralized finance platforms can integrate EURØP for lending and borrowing services, and institutions can benefit from efficient handling of large-scale asset transactions.

This integration aims to facilitate rapid and compliant euro settlements for various financial applications within Europe’s digital economy. Users can enjoy cost-effective transfers and seamless integration with existing financial services.

EURØP Stablecoin is designed with a focus on transparency. It will undergo regular audits by KPMG, and a report on the first three months of operations is anticipated shortly. The stablecoin is fully backed by euro deposits, which are held in a segregated account at a major European bank, Société Générale, ensuring the safety and liquidity of the funds.

Furthermore, the issuance and redemption of EURØP Stablecoin are monitored by France’s banking regulator, the ACPR, and a European regulator, providing an additional layer of supervision and compliance.

These efforts are part of a broader strategy to expand payment solutions across the blockchain ecosystem using the euro. It is part of a broader initiative to introduce new classes of assets and financial services on XRPL for the European market.