XRPL Adds Three Stablecoins EURØP USDB XSGD

Coin WorldThursday, May 22, 2025 4:25 pm ET
1min read

The XRP Ledger (XRPL) has recently enhanced its competitive edge by adding three new stablecoins to its ecosystem: EURØP, USDB, and XSGD. These additions are part of a broader strategy to support the fast-evolving global stablecoin market. Each of the new stablecoins is backed by fiat currencies, reinforcing XRPL’s role in providing a robust and scalable platform for digital assets.

XRPL has become an attractive choice for stablecoin issuers and institutional players due to its low fees, fast transaction speeds, scalability, built-in regulatory tools, and native support for real-world asset tokenization. These features make it a top contender in the stablecoin market, where reliability and efficiency are paramount.

On May 22, EURØP, a euro-pegged stablecoin issued by Schuman Financial, joined the XRPL. Schuman Financial, licensed by the French central bank, ensures that EURØP is fully backed by reserves held in major European banks and audited by KPMG. Martin Bruncko, the firm’s CEO, highlighted that XRPL provides the scalability and security required for euro-denominated innovation on the blockchain. He emphasized that this addition will give Europe and euro-denominated financial markets an integral infrastructure for the next wave of financial innovation, which is happening on-chain.

On the same day, Brazilian fintech firm Braza Group launched USDB, a US dollar-backed stablecoin, on XRPL. USDB complements Braza’s earlier token, BBRL, which is already live on XRPL. Braza CEO Marcelo Sacomori noted that USDB gives Brazilian users a new tool for hedging against currency volatility while enabling faster digital transactions. Sacomori believes that by the end of next year, USDB could account for about 30% of Brazil’s USD-pegged stablecoin market, driven by Braza’s established presence and the creation of new pathways for global currency settlement.

Rounding out the trio, Singapore dollar-pegged XSGD, issued by StraitsX, went live on XRPL on May 19. StraitsX is a leading digital payment infrastructure provider in Southeast Asia. XSGD is backed one-to-one with reserves held at DBS Bank and Standard Chartered. The asset will allow 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 as digital money becomes embedded in the global economy, regulated stablecoins like XSGD will serve as the foundation for borderless, real-time, and compliant-ready financial services.

These additions to the XRPL ecosystem underscore the platform’s commitment to innovation and its ability to adapt to the evolving needs of the global financial market. By providing a scalable, secure, and efficient platform for stablecoins, XRPL is positioning itself as a leader in the digital asset space, offering a robust infrastructure for the next generation of financial services.

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