Schuman Financial Launches EURØP, the First MiCA-Compliant Euro-Denominated Stablecoin

Today, Schuman Financial’s EURØP became the first euro-denominated stablecoin that both satisfies the European Union’s new Markets in Crypto-Assets (MiCA) regime and lives natively

Schuman Financial has launched the first euro-denominated stablecoin to satisfy the European Union’s new Markets in Crypto-Assets (MiCA) regime and live natively on the XRP Ledger (XRPL).

Launched from Paris on 22 May, EURØP combines MiCA-grade legal certainty with a blockchain that has already settled 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-denominalised financial markets an integral infrastructure for the next wave of financial innovation, which is happening on-chain,” said Martin Bruncko, founder and CEO of Schuman Financial.

MiCA’s stablecoin provisions—covering e-money tokens (EMT) such as EURØP—took effect on 30 June 2024. They require full 1:1 fiat backing, daily redeemability, bankruptcy-remote reserves and authorisation by an EU regulator.

The French ACPR has licensed Schuman Financial as an EMT issuer, while KPMG audits its reserve assets held at Société Générale and other top-tier banks.

Only a handful of issuers have so far cleared MiCA’s bar: Circle's USDC and EURC, Société Générale's EURCV, and a dozen niche projects. But EURØP brings that regulatory pedigree to XRPL, whose native DEX, fast finality and low fees historically attracted IOU-based fiat tokens yet lacked a MiCA-compliant euro coin.

Despite their low volume—0.15 % of the $232 billion global stablecoin float, or $338 million as of end-April 2025—euro stablecoins have become a strategic priority for European banks and fintechs now that MiCA offers a passportable legal framework.

For payment firms and corporate treasurers, EURØP offers a programmable settlement asset that can move in three to five seconds at fractions of a cent while retaining full EU regulatory coverage. It will underpin DeFi lending pools, automated foreign-exchange corridors, and on-chain euro legs for tokenized real-world-asset (RWA) trades—use cases that MiCA expressly contemplates once issuers file a “significant” EMT designation with the European Banking Authority.

“The launch of EURØP on the XRP Ledger is a testament to the ledger's enterprise strategy and commitment to enabling the next generation of financial technology,” said Cassie Craddock, Managing Director, UK & Europe at Ripple.

“We're proud to have supported Schuman Financial in bringing this innovative product to market. The token combines the best of both worlds—the legal certainty and stability of the euro with the speed, efficiency, and programmability of the XRP Ledger.

“With the integration of EURØP, the XRP Ledger will be the only major chain to natively support a MiCA-compliant euro stablecoin. This development underscores the potential of the XRP Ledger to serve as a central convergence point for global financial institutions looking to participate in the new era of decentralised finance.”