Issuance on the XRP Ledger, the first MiCA-compliant euro stablecoin in Europe.

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The France-based stablecoin company Schumann Financial announced on the 22nd that it will natively integrate the euro stablecoin “EURØP” into the XRP Ledger (XRPL) in compliance with the MiCA regulation. The company is an electronic money issuer licensed by the ACPR, the supervisory authority of the French central bank, and its reserves are subject to regular audits by KPMG and protected by major European financial institutions such as Societe Generale.

EURØP is a redeemable stablecoin fully backed by the Euro, and it will be usable on the XRPL. The XRPL has processed over 3.3 billion transactions in the past decade, supporting more than 6 million active wallets and over 200 validator networks.

Martin Brunkow, CEO of Schumann Financial, explained that “EURØP on XRPL combines the resilience of global blockchain with euro-native liquidity and the core of compliance.” He stated that this integration provides essential infrastructure for the next wave of on-chain financial innovation aimed at European and euro-denominated financial markets.

Cathy Cladock, Managing Director of Ripple for Europe, remarked that “The deployment of the XRP ledger for EURØP demonstrates the new possibilities for on-chain applications such as payments and tokenization of real assets, while stablecoins meet the high standards of MiCA.”

On the same day in Brazil, the Braza Group announced the deployment of the USD-pegged stablecoin “USDB” on the XRPL. The company has over 15 years of operational experience and is ranked 6th in interbank transactions according to the Central Bank of Brazil. In April, it transferred approximately 6 billion reais (Brazilian currency) within 24 hours, building a unified scalable infrastructure along with the existing stablecoin BBRL.