XRP Ledger Breaks Ground With Its First MiCA-Regulated Euro Stablecoin

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Bitcoinist 14h ago

XRP Ledger Breaks Ground With Its First MiCA-Regulated Euro Stablecoin - Bitcoinist

Quick Summary:

Schuman Financial’s EURØP today became the first euro-denominated stablecoin that both satisfies the European Union’s new Markets in Crypto-Assets (MiCA) regime and lives natively on the XRP Ledger (XRPL).

Launched from Paris on 22 May, the milestone ties MiCA-grade legal certainty to a blockchain that has already settled more than 3.

Cassie Craddock, Ripple’s Managing Director for UK & Europe, framed the launch as validation of ledger’s enterprise strategy: “The launch of EURØP on the XRP Ledger demonstrates how stablecoins can meet the high standards set by MiCA while unlocking new possibilities for on-chain payments and RWA tokenization.