Schuman Financial issues EURØP, a regulated, fully-backed euro stablecoin designed for on-chain euro transactions. This e-money token is pegged 1:1 to the euro and compliant with MiCA regulations. The company provides infrastructure for businesses to convert fiat to EURØP for near-instant, cost-efficient digital transfers.
Funding
$7.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The digital asset landscape is dominated by USD-based stablecoins, even though the euro is the world’s second-most used currency. Euro stablecoins represent a small fraction of the market, limiting options for businesses seeking to transact on-chain with euro-denominated assets.
Solution
Schuman Financial issues EURØP, an e-money token pegged 1:1 to the euro and fully backed by euro reserves held in leading European financial institutions. EURØP is MiCA compliant, providing a regulated and transparent euro-backed stablecoin for on-chain transactions. By offering a reliable alternative to USD-based stablecoins, EURØP enables businesses to perform cost-efficient and near-instant transfers using a euro-denominated digital asset. Qualified business clients can convert euro to EURØP and back via Schuman Financial's minting platform.
Target Audience
The primary target audience includes businesses seeking to transact on-chain with a euro-denominated stablecoin, as well as qualified business clients who require a regulated and transparent means of converting euros into digital assets.
Features
- Pegged 1:1 to the euro (EUR)
- Fully backed by cash and cash equivalents held in European financial institutions, including Société Générale
- Compliant with Markets in Crypto-Assets (MiCA) regulations
- Quarterly audits by KPMG to ensure transparent backing
- Minting platform for qualified business clients to convert EUR to EURØP and back
- Operates under a French EMT license, supervised by the Autorité de Contrôle Prudentiel et de Résolution (ACPR), part of the Banque de France