Ripple Euro Stablecoin Launch
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Ripple has launched EURØ, the first euro-backed stablecoin on $XRP Ledger and Ethereum. Issued by Luxembourg-based Stably, EURØ is fully backed 1:1 by euro reserves held in regulated institutions and is compliant with EU regulations.
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This launch strengthens Ripple’s presence in the European digital payment space. EURØ enables fast cross-border transactions, FX settlements, and DeFi use cases. It also aligns with the upcoming MiCA regulatory framework, giving Ripple a first-mover advantage in euro stablecoins.
Could EURØ be the key to accelerating euro adoption in crypto?
