Wirex Pay is excited to announce a major step forward in the evolution of stablecoin payments in Europe. We’ve partnered with Schuman Financial, the issuer of EURØP — a fully euro-backed stablecoin — to bring enhanced accessibility, liquidity, and real-world usability to the European digital finance landscape.
What is EURØP?
EURØP is a MiCA-compliant, euro-backed stablecoin issued by Schuman Financial, a French-licensed Electronic Money Institution (EMI) regulated by the ACPR (Banque de France). Unlike most widely-used stablecoins that are pegged to the US dollar, EURØP is fully aligned with European regulations and is custodied by major European banks such as Société Générale. It is also regularly audited by KPMG, ensuring a high level of trust and transparency.
EURØP is fully redeemable 1:1 for euros, designed to meet the growing need for a secure, sovereign, and euro-native digital payment solution — particularly important for users who want to avoid FX risk and regulatory uncertainty tied to non-euro stablecoins.
Direct Integration for Enhanced Liquidity
One of the most important technical aspects of this partnership is that Wirex Pay is now directly integrated with Schuman Financial’s mint and redeem infrastructure. This means users and institutional partners benefit from:
Streamlined issuance and redemption of EURØP
Simplified access to the stablecoin across different chains and platforms
Stronger liquidity, enabling broader use in both payment and treasury operations
This infrastructure integration is a key milestone for building a more robust, multi-chain payment system that supports faster and more cost-effective digital finance services.
Why It Matters: A Shift from USD to EUR Stablecoins
The digital economy has long been dominated by USD-backed stablecoins, but this dominance creates several issues for European users:
Foreign exchange (FX) risk
Misaligned monetary policy
Regulatory complications in the EU
EURØP tackles all of these challenges by providing a euro-denominated alternative that’s designed for the European market, with compliance and user protection at its core.