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.
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.
Initially, there were low expectations for approval due to SEC hostility and lack of communication, Seyffart said during the interview.
EURØP will serve a wide range of use cases, from DeFi applications to tokenized real-world assets (RWAs) and institutional B2B settlements.
“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.”