Key Points
- Schuman Financial introduces EURØP, a fully regulated euro-denominated stablecoin backed 1:1 with euros and overseen by French banking authority ACPR, offering a compliant alternative to USD stablecoins.
- The stablecoin features a unique 102% backing ratio and undergoes quarterly KPMG audits, with reserves held in established EU banks like Société Générale.
French Fintech Pioneers Regulated Digital Euro Solution
In a significant move for European digital finance, Schuman Financial has unveiled EURØP, a MiCA-compliant euro stablecoin designed to bridge traditional and decentralized finance. The project, operated through its licensed subsidiary Salvus SAS, represents one of the first major regulated euro-denominated stablecoin initiatives under Europe’s new crypto-asset framework.
Enhanced Security Features Set New Industry Standard
EURØP distinguishes itself in the stablecoin market with an innovative 102% backing ratio, maintaining an additional 2% reserve fund beyond the standard 1:1 backing. This extra layer of security, combined with quarterly audits by KPMG and reserves held exclusively in cash and cash equivalents at regulated EU banks, establishes a new benchmark for stablecoin transparency and security.
Strategic Push for Euro Dominance in Digital Assets
The launch comes at a crucial time as European financial institutions seek to reduce their dependence on USD-based stablecoins. EURØP aims to position itself as the premier solution for DeFi applications, cross-border payments, and digital asset trading, operating continuously throughout the year. The offering addresses a growing demand for regulated, euro-denominated digital assets in the global crypto ecosystem.
Institutional Framework Backs Digital Innovation
Behind EURØP stands a team with over 50 years of combined experience across Web3, traditional finance, and policymaking. Operating under the supervision of the French Prudential Supervision and Resolution Authority (ACPR), Schuman Financial’s initiative represents a confluence of regulatory compliance and technological innovation, potentially setting the stage for broader institutional adoption of digital euros in the European financial system.
