Schuman Financial has launched EURØP, a euro-backed stablecoin aimed at facilitating global digital payments, on-chain foreign exchange trading, and tokenized real-world assets. The stablecoin will be fully pegged 1:1 to the euro and backed by cash and cash equivalents. The launch comes after Schuman Financial raised $7.36 million in funding, with investors including RockawayX, Lightspeed Faction, Kraken Ventures, Nexo Ventures, Gnosis VC, Delta Blockchain Fund, and Bankless Ventures. EURØP will initially be available on the Ethereum and Polygon blockchains, with plans for more integrations and partnerships in the future. The stablecoin will also be listed on major European crypto exchanges and supported by digital asset custodians, market makers, and service providers.



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