Schuman Financial, a new crypto firm founded by ex-Binance execs, is launching EURØP, a euro-backed stablecoin, as Europe gears up for MiCA regulations. Following a successful €7 million seed round led by RockawayX, EURØP is set to debut soon on Ethereum and Polygon networks. The stablecoin, pegged 1:1 with the euro, aims for global use in digital payments and more. However, it won't be available in 107 "high-risk" countries, including Turkey and El Salvador. Schuman's subsidiary Salvus SAS secured a French license, ensuring compliance with MiCA and enabling euro-pegged e-money issuance.