Nikolas Sargeant
The XRP Ledger has significantly strengthened its stablecoin ecosystem with the launch of two new regulated digital assets: EURØP, a MiCA-compliant euro-denominated stablecoin from Europe, and USDB, a USD-pegged token from Brazil's Braza Group. The May 22 announcement positions XRPL as crucial infrastructure for bridging institutional trust with blockchain efficiency across European and Latin American markets.
These additions represent a strategic expansion of XRPL's role in tokenized finance, offering institutions and users access to region-specific assets that meet stringent regulatory requirements while maintaining the operational benefits of blockchain technology.
European and Brazilian Financial Giants Launch Compliant Tokens
Schuman Financial, a French-licensed e-money token issuer regulated by the French Central Bank's ACPR, has integrated its EURØP stablecoin as the first MiCA-compliant euro asset on XRPL. The token is fully backed by euro reserves held at top-tier banks including Societe Generale, with auditing performed by KPMG to ensure transparency and compliance.
Martin Bruncko, CEO of Schuman Financial, emphasized the strategic importance of this launch for Europe's digital economy. "EURØP on the XRPL combines the resilience of a global blockchain with euro-native liquidity and compliance at its core," he stated. "This provides essential infrastructure for the next wave of financial innovation in Europe."
EURØP will support diverse applications ranging from DeFi protocols to tokenized real-world assets and institutional business-to-business settlements. Its launch occurs as MiCA regulation begins reshaping digital finance across the continent, with Ripple's Cassie Craddock noting that "the launch of EURØP on the XRP Ledger demonstrates how stablecoins can meet the high standards set by MiCA while unlocking new possibilities for on-chain use cases."
Brazil's Braza Group Expands XRPL Presence with USDB
Simultaneously, Brazil's Braza Group launched USDB, a dollar-pegged stablecoin backed by U.S. and Brazilian government bonds. This addition complements Braza's existing BBRL, a Brazilian real-backed stablecoin already operating on XRPL, creating a comprehensive stablecoin infrastructure for the region.
Marcelo Sacomori, CEO of Braza Group, positions USDB as a tool for financial inclusion and global trade facilitation. "With USDB, Brazilian individuals and companies gain new alternatives to hedge against volatility and speed up their operations," he explained. Sacomori projects that USDB could capture up to 30% of Brazil's USD-pegged stablecoin market by 2025.
Braza's market position is already substantial, ranking sixth in Brazil's interbank operations this year and processing over $1 billion in a single day. Ripple LATAM Managing Director Silvio Pegado highlighted the strategic significance, stating that Braza is "helping lay the foundation for a more connected and efficient digital asset community in Brazil."
