Today, Schumann Financial’s Euth is the first new market to meet the EU’s crypto assets (MICA) regime and live on XRP Ledger (XRPL).
Founded from Paris on May 22, the milestone links mica-level legal certainty with blockchains that have reached over 3.3 billion in its 12-year life span. “Eurøp on XRPL combines the resilience of global blockchain with European local liquidity and compliance. This will make European and euro-based financial markets the points infrastructure for the next wave of financial innovation that is on the verge of temporary,” said Schuman Bruncko. ”
XRP Ledger and why mica state matters
MICA’s Stablecoin regulations (e.g. Eurøp) will be effective on June 30, 2024. They require full 1:1 Fiat support, daily redeemability, bankruptcy release reserves and authorization from EU regulators. ACPR France has licensed Schuman Financial as an EMT issuer, while KPMG reviews its reserve assets in Sociétégénérale and other top banks.
So far, only a few issuers have cleared Mica’s bars: Circle’s USDC and Eurc, Sociétégénérale’s Eurcv and a dozen niche projects. But Eurøp was the first to bring this regulatory ancestry to XRPL, the local DEX of XRPL, fast termination and low fees, historically attracting IOU-based FIAT tokens, but lacking mica-compliant euro coins.
The euro’s stable European stable volume accounts for only 0.15% of the global stable fluctuation – as of the end of 2025, a large amount of $338 million – age, they have become a strategic priority for European banks, and now, Mica cloud institutions provide a sealable legal framework.
For payment companies and corporate treasurers, Eurøp provides programmable settlement assets that can be moved within three to five percent of the second while retaining full EU regulatory coverage. Schuman Financial said the token will support loan pools, automate foreign exchange corridors and euro legs on chains for tokenized real-world transactions (RWA) transactions – using cases explicitly considered by MICA, once the issuer filed a “significant” EMT designation to the European Banking Authority.
Cassie Craddock, managing director of Ripple UK and Europe, set it as a validation of Ledger’s enterprise strategy: “The launch of Europeurøp on XRP Ledger proves how StableCoins meets the high standards set by MICA, while unlocking new possibilities for on-board payments and RWA Tokenization.
At press time, XRP was trading at $2.43.
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