BlockBeats news, on November 26, according to The Block, stablecoin issuer Schuman Financial completed a $7.36 million seed round financing in September, led by RockawayX, with participation from Lightspeed Faction, Kraken Ventures, Nexo Ventures, Gnosis VC, Delta Blockchain Fund, and Bankless Ventures. In addition, Schuman Financial has launched a euro stablecoin EURØP that complies with MiCA standards.
Schuman Financial has become the first European company to obtain a stablecoin issuer license in France, and the company is building an ecosystem around EURØP, which includes SEPA integration, banking channels, and custodial partnerships with global tier-one banks such as Société Générale.