The XRP Ledger (XRPL) added three stablecoins, EURØP, USDB, and XSGD, to its ecosystem this week.
Schuman Financial, licensed by the French central bank, ensures EURØP is fully backed by reserves held in major European banks and audited by KPMG.
He added:
“This will give Europe and euro-denominated financial markets an integral infrastructure for the next wave of financial innovation, which is happening on-chain.”
Sacomori said:
“We believe that by the end of next year, USDB could account for about 30% of Brazil’s USD-pegged stablecoin market. This will be driven not only by our established presence but also by the creation of new pathways for global currency settlement.”
According to the statement, XSGD is backed one-to-one with reserves held at DBS Bank and Standard Chartered.
The asset will allow financial institutions, startups, and developers to access fast and cheap payments on a blockchain built for real-world utility.
Liu Tianwei, Co-Founder and Deputy CEO at StraitsX, said:
“As digital money becomes embedded in the global economy, regulated stablecoins like XSGD will serve as the foundation for borderless, real-time, and compliant-ready financial services.”
