Schuman Financial has launched EURØP, a euro-backed stablecoin designed to streamline global digital payments, on-chain foreign exchange trading, and tokenized real-world assets. Fully pegged 1:1 to the euro and backed by cash and cash equivalents, EURØP aims to capitalize on the growing demand for regulated stablecoins in Europe.
The launch follows Schuman Financial’s $7.36 million funding round in September, led by RockawayX. Other backers include Lightspeed Faction, Kraken Ventures, Nexo Ventures, Gnosis VC, Delta Blockchain Fund, and Bankless Ventures.
EURØP will initially launch on the Ethereum and Polygon blockchains, with plans for additional chain integrations and DeFi protocol partnerships in the coming months. Schuman Financial announced that the stablecoin will soon be listed on major European crypto exchanges and will be supported by leading digital asset custodians, market makers and service providers.
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