tl;dr
The XRP Ledger (XRPL) has added three new fiat-backed stablecoins: EURØP (euro-pegged, issued by Schuman Financial and MiCA-compliant), USDB (US dollar-backed, launched by Brazilian fintech Braza Group), and XSGD (Singapore dollar-pegged, issued by StraitsX). These additions enhance XRPL’s position ...
The XRP Ledger (XRPL) has significantly bolstered its competitive edge by integrating three new fiat-backed stablecoins: EURØP, USDB, and XSGD. These additions leverage XRPL’s fast, scalable, and low-cost blockchain infrastructure to usher in compliant and innovative digital assets on a global scale.
EURØP, a euro-pegged stablecoin issued by Schuman Financial, is fully MiCA-compliant and backed by reserves held in major European banks, audited by KPMG. Its launch positions XRPL as a pivotal infrastructure for euro-denominated financial innovation on-chain.
USDB, launched by Brazilian fintech Braza Group, is a US dollar-backed stablecoin designed to offer Brazilian users tools to hedge against currency volatility and facilitate faster digital transactions. Braza Group CEO Marcelo Sacomori envisions USDB capturing about 30% of Brazil’s USD stablecoin market in the near future.
Completing the trio is XSGD, a Singapore dollar-pegged stablecoin issued by StraitsX, backed one-to-one by reserves at DBS Bank and Standard Chartered. XSGD aims to empower financial institutions, startups, and developers in Southeast Asia with fast, low-cost blockchain payments.
These stablecoins illustrate XRPL’s key advantages: low fees, rapid transaction speeds, scalability, integrated regulatory tools, and native support for tokenizing real-world assets. Together, they expand XRPL’s footprint across Europe, Brazil, and Southeast Asia, reinforcing its growing role as a top-tier platform for compliant, secure, and efficient digital payments.
With this strategic enhancement, XRPL continues to attract stablecoin issuers and institutional players eager to harness blockchain technology for next-generation financial services worldwide.