XRP News: First Euro Stablecoin Lands on Ripple’s XRPL

In the latest XRP news, Ripple’s XRP Ledger (XRPL) has officially added its first euro-backed stablecoin. Known as EURØP, it is marking a huge step in the ongoing expansion of regulated digital finance across Europe.

The launch, confirmed on May 22, 2025, introduces the first MiCA-compliant euro stablecoin to the XRPL ecosystem.

The stablecoin, issued by Schuman Financial, is fully backed 1:1 by euros held in European banks such as Société Générale, and it is regulated as an electronic money token by France’s ACPR (Banque de France) under the EU’s MiCA framework.

The euro reserves are audited by KPMG on a regular basis. So that they meet the strict governance standards required for a MiCA-compliant stablecoin.

MiCA-compliant license: EURØP is authorized under Europe’s Markets in Crypto-Assets (MiCA) rules. It is registered in France as an “electronic money token” with the ACPR.

Full euro backing: Each EURØP token is redeemable for one euro. 100% reserves are held at regulated European banks (e.g. Société Générale). Independent audits by KPMG verify the backing.

XRPL integration: EURØP is the first native euro stablecoin on the XRP Ledger. The XRP Ledger processed over 3.3 billion transactions. It supports more than six million wallets, and runs on a network of 200+ validators.

Use cases: The coin is intended for euro-denominated on-chain payments and asset tokenization. For example, it could be used in DeFi applications. Or it could be used to settle tokenized real-world assets (such as bonds or loans) on the blockchain.

Stablecoin Regulation in Europe and The U.S.

Europe’s new Markets in Crypto-Assets (MiCA) regulation provides a comprehensive framework for digital tokens, including stablecoins.

MiCA was adopted in 2023 and became fully applicable by late 2024. Its stablecoin rules require issuers to hold 100% backing. Obtain a license (typically as an “e-money token”) from a national regulator.

EURØP was explicitly designed to meet these rules. It is issued by a regulated entity in France and all tokens are collateralized by euros in licensed banks.

This approach aligns with MiCA’s goal of protecting consumers while allowing banks and fintechs to offer blockchain-based services.

Across the Atlantic, U.S. lawmakers are also moving to clarify stablecoin rules. On May 20, 2025, the Senate voted 66–32 to end debate and advance the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins).

This bipartisan bill, co-sponsored by Senators Kirsten Gillibrand and Bill Hagerty, would establish the first federal regulatory framework for stablecoins.

It would mandate full-reserve backing, regular audits, public disclosures, and compliance with anti-money-laundering laws.

Analysts note the GENIUS Act “sets standards for reserves, audits, and disclosures” for stablecoin issuers. The strong, cross-party vote to move the bill forward – including support from 16 Democrats – underscores growing consensus on the need for stablecoin oversight.

On-Chain Finance and Tokenized Assets

EURØP’s arrival fits a broader trend of bringing fiat money on-chain in a compliant way. Stablecoins now power a large share of blockchain transactions, and regulators want those flows to be transparent.

According to Ripple’s UK head, the EURØP launch “demonstrates how stablecoins can meet the high standards set by MiCA while unlocking new possibilities for on-chain use cases such as payments and real-world asset tokenization”.

In practice, this means projects can use EURØP to tokenize real-world assets (RWAs) like loans, bonds or commodities, all settled in blockchain euros under regulatory oversight.

The XRPL network’s scale – 3.3+ billion transactions and millions of wallets – gives it the capacity to handle such activity.

For followers of XRP news, EURØP’s launch signals the growing maturity of XRP Ledger as a compliant infrastructure for digital finance in Europe. This is not just another token — it’s a regulated, audit-backed financial instrument built for real-world utility.

Overall, observers say Europe is becoming “a key market for stablecoin innovation” just as U.S. policy shifts aim to bring regulated stablecoins onshore.

EURØP’s launch is thus a data point in the evolving crypto regulation landscape – a compliant stablecoin on a mature blockchain, timed with new laws on both sides of the Atlantic.

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