XRP Ledger enters the MiCA era with its first fully compliant euro stablecoin, unlocking institutional-grade euro payments, stablecoin utility, and real-world asset tokenization.

MiCA-Compliant Euro Stablecoin Hits XRP Ledger

Ripple shared on May 22 that Schuman Financial’s euro-backed stablecoin, EURØP, has become the first to launch on the XRP Ledger (XRPL) in full compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation. This milestone positions EURØP as a pioneer among euro-denominated digital assets operating on a widely adopted blockchain infrastructure. Ripple stated:

This marks a major step toward bringing compliant euro-denominated stablecoins into active use on one of the world’s most widely used blockchains.

EURØP, issued by Schuman Financial, is fully backed by euros and redeemable, with reserves regularly audited by KPMG and held at financial institutions including Societe Generale. Regulated by the French Prudential Supervision and Resolution Authority (ACPR), the issuer is recognized for its alignment with European financial standards.

“This integration brings a euro-native settlement asset to XRPL, an institution-ready Layer 1 blockchain,” Ripple described the significance of the stablecoin’s launch on XRPL in operational terms. “Over the past decade, the XRPL has processed over 3.3 billion transactions, supporting over six million active wallets with a network of over 200 validators, making XRPL an ideal environment for stablecoins like EURØP.”

The introduction of EURØP is expected to expand the utility of blockchain technology across euro-denominated markets, from decentralized finance (DeFi) and tokenized real-world assets (RWAs) to business and consumer payment systems.

Cassie Craddock, Ripple’s managing director for the UK and Europe, underscored the broader implications of the integration, stating:

The launch of EURØP on the XRP Ledger demonstrates how stablecoins can meet the high standards set by MiCA while unlocking new possibilities for onchain use cases such as payments and real-world asset tokenization.

The XRPL ecosystem continues to grow as euro stablecoins gain traction. Ripple also announced on May 22 that Braza Group is accelerating digital currency adoption in Latin America with the launch of its USDB stablecoin—pegged to the U.S. dollar and backed by U.S. and Brazilian bonds—on the XRP Ledger. With this addition, the network demonstrates its appeal as a foundation for compliant and scalable stablecoin solutions.

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