Wirex Pay has entered into a strategic partnership with Schuman Financial to enhance the accessibility and liquidity of EURØP, a fully regulated euro-backed stablecoin designed for secure and compliant digital transactions.
As part of the agreement, EURØP is now available within the Wirex App, allowing European users to seamlessly buy, hold, and spend the stablecoin alongside both fiat currencies and cryptocurrencies.
This development builds on Schuman Financial’s credibility as a licensed Electronic Money Institution in France, regulated by the ACPR (Banque de France). EURØP, which is fully MiCA-compliant and redeemable, is custodied by top-tier European banks like Société Générale and undergoes regular audits by KPMG, ensuring transparency and security for users.
To further enhance the user experience, Wirex Pay has integrated directly with Schuman’s mint and redemption infrastructure. This integration simplifies the issuance and redemption of EURØP, significantly enhancing liquidity and making the stablecoin more accessible for both retail users and institutional partners. As a result, EURØP is now well-positioned for broader adoption in payments, treasury operations, and DeFi ecosystems.
This partnership arrives at a pivotal moment, as demand for euro-native digital assets is on the rise. While U.S. dollar stablecoins still dominate the global digital economy, they expose European users to foreign exchange volatility and regulatory hurdles. EURØP addresses these challenges by offering a euro-denominated alternative tailored specifically to European market needs.
Commenting on the collaboration, Wirex Co-Founder Pavel Matveev described it as a “natural alignment” with the firm’s mission to connect blockchain innovation with traditional finance. Daniel Rowlands, General Manager of Wirex Pay, added that the direct minting and redemption capability marks a significant step in Wirex’s journey toward building a scalable, multi-chain payment infrastructure.
Reinforcing this momentum, Schuman Financial CEO Martin Bruncko highlighted the long-term vision: establishing the core infrastructure for a sovereign, digital euro economy. He emphasized that the partnership lays critical groundwork for bringing euro-based financial services on-chain.
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