XRP Ledger Welcomes First MiCA-Compliant EURØP and Brazil’s USDB Stablecoins

Ripple Stablecoin XRP

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Hassan Shittu

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Hassan Shittu

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May 22, 2025

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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-denominated asset from Europe, according to an annoucement on May 22.

The move strengthens XRPL’s role in tokenized finance, offering more regulated and region-specific assets to users across Europe and Latin America.

Schuman and Braza Launch EURØP and USDB on XRPL

Schuman Financial, a French-based licensed e-money token (EMT) issuer regulated by the French Central Bank’s ACPR, announced the integration of its EURØP stablecoin onto the XRPL.

As the first MiCA-compliant euro stablecoin on the ledger, EURØP is fully backed by euros, with reserves safeguarded by top-tier banks like Societe Generale and audited by KPMG.

For Martin Bruncko, CEO of Schuman Financial, this is a foundational move for Europe’s on-chain economy.

“EURØP on the XRPL combines the resilience of a global blockchain with euro-native liquidity and compliance at its core,” Bruncko said. “This provides essential infrastructure for the next wave of financial innovation in Europe.”

EURØP will serve a wide range of use cases, from DeFi applications to tokenized real-world assets (RWAs) and institutional B2B settlements.

Its launch comes as MiCA (Markets in Crypto-Assets) regulation begins shaping the future of digital finance across the continent.

Ripple’s Cassie Craddock noted that “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 use cases.”

Meanwhile, across the Atlantic, Brazil’s Braza Group introduced USDB, a dollar-pegged stablecoin also issued on the XRP Ledger.

Backed by U.S. and Brazilian government bonds, USDB seeks to offer people and institutions a reliable alternative for secure, low-cost digital transactions.

Braza already operates BBRL, a Brazilian real-backed stablecoin, also issued on XRPL. Marcelo Sacomori, CEO of Braza Group, sees USDB as a key tool for financial inclusion and global trade.

“With USDB, Brazilian individuals and companies gain new alternatives to hedge against volatility and speed up their operations,” he said. “We’re committed to exceeding the highest standards of security and compliance.”

Braza’s reach is already substantial; it ranked sixth in Brazil’s interbank operations this year, moving over $1 billion in a single day.

Now, with both BBRL and USDB on XRPL, the company is unifying its stablecoin infrastructure and positioning itself for greater regional and global influence.

Ripple LATAM MD Silvio Pegado emphasized the strategic importance of these launches. “By issuing both BBRL and USDB on the XRP Ledger, Braza is helping lay the foundation for a more connected and efficient digital asset community in Brazil.”

Sacomori said USDB could capture up to 30% of Brazil’s USD-pegged stablecoin market by the end of 2025. He also sees regulation as a major driver of adoption, stating, “Regulation should make the market safer, especially regarding asset custody for financial institutions.”

With MiCA in place and Brazil preparing for broader regulation, EURØP and USDB are not just two new tokens; they are signs of a larger transformation now unfolding on XRPL.

Ripple’s Global Expansion Push Continues with Failed Circle Bid

As the XRP Ledger embraces new MiCA-compliant stablecoins like EURØP and Brazil’s USDB, Ripple is ramping up efforts to cement its dominance in the global stablecoin and payments market.

According to Bloomberg, Ripple made a takeover bid worth $4–$5 billion to acquire stablecoin issuer Circle earlier this year, but the offer was rejected as too low.

The attempted acquisition came just weeks after Circle filed for an IPO in the U.S., indicating Ripple’s urgency to strengthen its foothold in the stablecoin space. Whether Ripple plans to return with a higher offer is still unclear.

Beyond acquisitions, Ripple is expanding its cross-border payments infrastructure. In May, the company launched a blockchain-powered payments solution in the UAE, partnering with Zand Bank and fintech firm Mamo.

This follows regulatory approval from the Dubai Financial Services Authority earlier this year, making Ripple the first licensed blockchain payments provider in Dubai’s financial hub.

With over $70 billion processed in global payments, more than 60 licenses across key markets, and now key partnerships in the Middle East, Ripple appears focused on scaling XRP adoption, both through strategic expansion and bold acquisition plays.