EURØP Stablecoin Launches on XRPL, Pioneering Regulated Digital Finance in Europe

Ripple’s XRPL network has welcomed its first euro-backed stablecoin, EURØP, marking a significant milestone for the future of regulated digital finance in Europe. The stablecoin, issued by Schuman Financial and authorized under the EU’s Markets in Crypto-Assets (MiCA) framework, boasts full 1:1 backing by euros held within licensed European banks like Société Générale. This ensures transparency and compliance with strict regulatory standards.