XRP News Today: XRP Ledger Launches First Euro Stablecoin Under MiCA Regulations

The XRP Ledger has achieved a notable milestone with the launch of its first euro stablecoin that adheres to the Markets in Crypto-Assets (MiCA) regulations. This advancement paves the way for institutional-grade euro payments and stablecoin utility within the XRP Ledger ecosystem. Schuman Financial's EURØP stablecoin, which is pegged to the euro, is the first of its kind to be integrated natively on the XRP Ledger under the MiCA regime. This stablecoin is fully backed by reserves held in major European banks and is audited by KPMG, ensuring its compliance and reliability.

The addition of EURØP to the XRP Ledger is part of a broader initiative to support MiCA-compliant digital assets in Europe. Martin Bruncko, CEO of Schuman Financial, highlighted the importance of this integration, stating that the XRP Ledger provides the necessary scalability and security for euro-denominated innovation on the blockchain. He emphasized that this move will provide Europe and euro-denominated financial markets with an integral infrastructure for the next wave of financial innovation, which is happening on-chain.

In addition to EURØP, the XRP Ledger has also welcomed two other stablecoins: USDB, a US dollar-backed stablecoin issued by Brazilian fintech firm Braza Group, and XSGD, a Singapore dollar-pegged stablecoin issued by StraitsX. USDB complements Braza’s earlier token, BBRL, which is already live on the XRP Ledger. Marcelo Sacomori, CEO of Braza, noted that USDB offers Brazilian users a new tool for hedging against currency volatility while enabling faster digital transactions. He predicted that by the end of next year, USDB could account for a significant portion of Brazil’s USD-pegged stablecoin market, driven by the creation of new pathways for global currency settlement.

XSGD, issued by StraitsX, a leading digital payment infrastructure provider in Southeast Asia, is backed one-to-one with reserves held at DBS Bank and Standard Chartered. This asset allows financial institutions, startups, and developers to access fast and cheap payments on a blockchain built for real-world utility. Liu Tianwei, Co-Founder and Deputy CEO at StraitsX, stated that regulated stablecoins like XSGD will serve as the foundation for borderless, real-time, and compliant-ready financial services as digital money becomes embedded in the global economy.

The integration of these stablecoins on the XRP Ledger reflects its growing appeal to fintech firms and institutional players seeking currency stability and fast cross-border transactions. The network’s features, including low fees, fast transaction speeds, scalability, built-in regulatory tools, and native support for real-world asset tokenization, make it an attractive choice for stablecoin issuers. This development is expected to reinforce the XRP Ledger’s role in the fast-evolving global stablecoin market, providing a robust infrastructure for regulated digital finance across Europe and beyond.