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In a major milestone, Schuman Financial announced today the native integration of its MiCA-compliant euro stablecoin, EURØP, onto the XRP Ledger (XRPL). This marks a significant step toward bringing compliant euro-denominated stablecoins into active use on the XRP Ledger.
EURØP claims to be a fully euro-backed and redeemable stablecoin issued by Schuman Financial, a licensed EMT issuer regulated by the ACPR, the supervisory authority of the French Central Bank.
This integration adds a euro-native settlement asset to XRPL, enabling use cases like DeFi applications, tokenized RWAs, B2B and B2C payment flows, and more.
Crucial alert issued
The XRP community received an alert following the announcement that Schuman Financial has integrated its MiCA-compliant euro stablecoin, EURØP onto the XRP Ledger (XRPL).
Dr. Artur Kirjakulov, cofounder and CEO of XPMarket, issued a warning on X, urging the XRP community to stay vigilant. "Be careful, we might see a lot of scam," Kirjakulov stated in a recent tweet.
Scammers often exploit high-profile news to create fake tokens or impersonate legitimate projects while seeking to capitalize on the community's trust and anticipation.
In this light, the XRP community might take precautions by not engaging with tokens unless verified by trusted data providers.
In a follow-up tweet, after Kirjakulov stated that he could not verify the issuer address of the stablecoin, neither on the issuer's webpage nor on the Ripple press release, the XPMarket CEO shared an XRPscan tweet that shared a tracking address for the Schuman EURØP (issuer) wallet.
Vladislav Sopov
U.Today Editorial Team