XRP Ledger Adds Europe’s First MiCA-Compliant Stablecoin

• Schuman Financial adds EURØP to XRP Ledger, expanding regulated stablecoin use across Europe.
• The integration boosts on-chain use cases, including payments and real-world asset tokenization.

EURØP, the first MiCA-compliant euro stablecoin from Schuman Financial, has debuted on Ripple Labs’ XRP Ledger (XRPL). This integration represents a major step toward bringing compliant euro-denominated stablecoins in Europe. 

EURØP Expands Onchain Finance in Europe

The launch of EURØP on XRPL, one of the world’s fastest and most secure blockchains, will help enable on-chain finance in Europe and unlock new possibilities for on-chain use cases, including payments and real-world asset tokenization.

As revealed in a blog post, EURØP is a fully euro-backed and redeemable stablecoin. The stablecoin reserves are regularly audited by KPMG and safeguarded at Europe’s leading financial institutions like Société Générale.

Martin Bruncko, Founder and CEO of Schuman Financial, said the launch of EURØP on XRPL combines the resilience of a global blockchain. He added that it will give euro-denominated financial markets an integral infrastructure for the next wave of financial innovation.

Essentially, EURØP introduces a euro-native settlement asset to XRPL. The Layer-1 blockchain remains a dominant force in the crypto space. Over the past ten years, the XRPL has supported over six million active wallets and processed over 3.3 billion transactions. 

In addition, the blockchain has over 200 validators, making XRPL an ideal environment for stablecoins like EURØP. The stablecoin will be useful in Decentralized Finance (DeFi) applications, tokenized RWAs, and B2B and B2C payment flows.

The launch of EURØP on the XRPL demonstrates that stablecoins can meet the high standards set by the Markets in Crypto-Assets Regulation (MiCA). As the first euro stablecoin on XRPL, EURØP reflects Schuman’s growing reputation for regulatory alignment.

Since introducing clear and supportive regulations, Europe has emerged as a key market for stablecoin innovation. Notably, there is rising momentum around European euro stablecoins as institutions prepare for MiCA enforcement.

As reviewed in our recent publication, Binance disclosed intentions to remove all non-MiCA stablecoin trading pairs from its platform. The announcement comes after Google said it would implement a new policy restricting crypto advertisements in the EU to firms licensed under the MiCA.

XRPL Continues to See Advancements

Over the years, the XRP Ledger has undergone new improvements amid rising adoption. In a previous article, we discussed XRPL’s launch of a Deep Freeze amendment to increase compliance, security, and attract institutional trust. The new feature is useful for entities that use XRPL to create tokenized RWAs, stablecoins, or other forms of financial instruments.

Furthermore, the XRP Ledger team recently optimized memory usage to support scalability and reduce hardware demands. As noted in our earlier post, internal structures like SHAMap and TaggedCache can consume over 20GB of memory. Such a high memory usage raises the bar for server demands, potentially making broader participation in the network harder.

Meanwhile, the launch of EURØP on XRPL follows that of XSGD. As we mentioned earlier, StraitsX adds XSGD to XRPL, expanding regulated stablecoin use across Asia’s real-time networks.