Ripple Euro Pegged Stablecoin EURØP Integrates with XRP Ledger: A New Era for XRPL
Exciting news for the XRP Ledger (XRPL) ecosystem! Schuman Financial has announced a native integration of its MiCA-compliant euro stablecoin, EURØP, onto the XRP Ledger. This marks a major step toward bringing compliant euro-denominated stablecoins into active use on one of the world’s most widely used blockchains. As Ripple said in Paris, May 22nd, “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: The Leading Euro-Backed Stablecoin on XRPL
The group behind the most important euro-backed stablecoin is asserting integration with Ripple Lab’s XRP Ledger (XRPL). In a brand new weblog put up, Stasis, the issuer of EURØP, highlights the benefits of this integration for users and the broader XRPL community.
Ripple Announces EURØP Integration on XRPL
Ripple ha anunciado la integración de EURØP, la primera stablecoin respaldada por euros que cumple con MiCA, en el XRP Ledger (XRPL). Desarrollada por Stasis, EURØP brings enhanced stability and regulatory compliance to the XRPL stablecoin landscape.
Expanding the XRPL Stablecoin Ecosystem
The XRP Ledger (XRPL) has expanded its stablecoin ecosystem with the arrival of USDB, a new USD-pegged digital currency issued by Brazil’s Braza Group, and EURØP, a MiCA-compliant euro stablecoin. This diversification strengthens the XRPL as a hub for digital assets and global payments.
Why EURØP on XRP Ledger Matters
- MiCA Compliance: EURØP adheres to the stringent regulatory framework of MiCA, ensuring trust and security for users.
- Euro-Denominated: Provides a stable and reliable euro-pegged asset on the XRP Ledger.
- Enhanced Liquidity: Increases liquidity and accessibility for euro-based transactions on the XRPL.
- Seamless Integration: Native integration ensures smooth and efficient transfers within the XRPL network.
This integration marks a significant milestone for the XRP Ledger, solidifying its position as a leading blockchain for stablecoin innovation and real-world applications. Stay tuned for more updates on EURØP and its impact on the XRPL ecosystem.