đȘđș$XRP Ripple launches first euro stablecoin on XRP Ledger: EURĂ goes live
Ripple is officially entering the euro stablecoin market. On May 22, the company announced the launch of EURĂ, the first euro-backed stablecoin deployed on the XRP Ledger. Issued by Luxembourg-based firm Stably, EURĂ is fully collateralized, compliant with EU regulations, and designed to serve as a âgold standardâ for European digital payments.
EURĂ will operate natively on both the XRP Ledger and Ethereum, enabling fast cross-border transfers, FX settlements, and DeFi use cases. Ripple says the coin is backed 1:1 by euro-denominated assets held in regulated financial institutions, with regular third-party attestations.
This marks a strategic expansion for Ripple after its recent settlement with the SEC and growing focus on institutional adoption. By offering a euro-denominated stablecoin, Ripple positions itself as a key infrastructure provider for digital payments in Europe.
Unlike dollar-backed stablecoins, the euro segment remains underdeveloped â giving EURĂ first-mover advantage. Its launch aligns with the EUâs MiCA framework, which officially comes into force in late 2025, setting legal standards for digital asset issuance across the bloc.
Ripple now has a foothold in both dollar and euro liquidity â and as traditional finance looks to tokenize everything from FX to securities, stablecoins may become the new rails of global value transfer.
Is EURĂ the turning point for euro adoption in crypto?#AMAGE
