Following Tether’s withdrawal from the European market due to EU MiCA regulations, a new contender has emerged – EURØP. Schuman Financial’s stablecoin is now live on the XRP Ledger (XRPL), offering euro-denominated stability with 1:1 backing and compliance. However, its ability to compete with established players like USDC and RLUSD remains uncertain. 💰 EURØP leverages XRP Ledger’s fast transactions, aiming to attract users seeking low-cost transfers. Yet, experts are scrutinizing its potential against market leaders such as Tether (USDT) and RLUSD, which have already gained traction among European crypto enthusiasts thanks to their regulatory compliance and established user base. 📈 🔍 While USDC holds the second-largest share of the global stablecoin market cap, with 24.74%, its close competition with USDT poses a challenge. RLUSD, launched on the XRP Ledger, also boasts strong growth but relies on USD for its peg. This could offer EURØP an advantage in attracting euro-based users, although Ripple’s legacy and RLUSD’s rapid market expansion might provide it a head start. Competition for dominance will intensify over the next six months as Europe navigates MiCA regulations and stablecoin trends shape the market landscape.