PANews November 26 news, according to The Block, Schuman Financial has launched the euro stablecoin EURØP in compliance with MiCA regulations. This currency is 1:1 pegged to the euro and is backed by cash and cash equivalents, aimed at simplifying global digital payments, on-chain foreign exchange trading, and the tokenization of physical assets. Schuman Financial has been granted a stablecoin issuance license by the French regulator ACPR, becoming the first European company qualified to issue electronic currency tokens pegged to any currency under MiCA regulations.
The launch follows the completion of a $7.36 million seed round financing in September, led by RockawayX, with participation from Kraken Ventures, Nexo Ventures, and others. EURØP will first be issued on the Ethereum and Polygon chains, with plans to integrate more blockchains and DeFi protocols in the future, while being listed on major European crypto exchanges. The company will also build an ecosystem that includes SEPA integration, banking channels, and custodial partnerships with top global banks such as Société Générale.
