XRP Ledger Enhances Ecosystem with Launch of Euro and USD-Backed Stablecoins

The XRP Ledger (XRPL) has recently expanded its ecosystem by introducing two fully backed stablecoins: EURØP and USDB. These additions are poised to enhance liquidity and broaden the use cases for stablecoins within the XRPL community.

Launch of EURØP Stablecoin

On May 22, 2025, Ripple announced that Paris-based Schuman Financial had launched its euro-denominated stablecoin, EURØP, directly on the XRPL. This asset complies with the Markets in Crypto-Assets Regulation (MiCA) and is issued by a licensed electronic money institution under the oversight of France's Autorité de Contrôle Prudentiel et de Résolution (ACPR). The introduction of EURØP is expected to facilitate seamless euro transactions on the XRPL, providing users with a stable and regulated digital asset.

Introduction of USDB Stablecoin

In addition to EURØP, the XRPL has also welcomed USDB, a USD-backed stablecoin. This development aims to provide users with a reliable and stable digital asset pegged to the US dollar, further enhancing the XRPL's utility in cross-border transactions and decentralized finance (DeFi) applications.

Impact on XRP and the XRPL Ecosystem

The introduction of these stablecoins has had a positive impact on XRP's market performance. As of May 23, 2025, XRP is trading at $2.45, marking a 2% increase over the past 24 hours. The enhanced liquidity and expanded use cases resulting from the addition of EURØP and USDB are expected to drive further adoption and development within the XRPL ecosystem.

Conclusion

The launch of EURØP and USDB stablecoins on the XRP Ledger represents a significant milestone in the platform's evolution. By offering fully backed, regulatory-compliant stablecoins, the XRPL is well-positioned to meet the growing demand for stable digital assets, thereby fostering greater adoption and innovation within its ecosystem.