Expected to launch in the coming weeks, Schuman’s new euro-backed stablecoin labels 107 countries as “high-risk.”
As Europe prepares for the final enforcement deadline of the Markets in Crypto-Assets Regulation (MiCA) by year’s end, a new euro-backed stablecoin is entering the market.
Schuman Financial, a new cryptocurrency firm founded by former Binance executives, including Martin Bruncko and Eduardo Morrison, has officially emerged from stealth mode with the launch of a new euro-pegged stablecoin, EURØP.
EURØP’s launch comes shortly after Schuman Financial closed an oversubscribed 7 million euro ($7.36 million) seed round led by the Web3 venture capital firm RockawayX in September, the firm said in an announcement shared with Cointelegraph on Nov. 26.
