Xrp Prepares For Breakout As EurØp And Usdb Stablecoins Launch On Xrp Ledger!

23 May 2025 at 12: 17

Reading time: 3 minutes

XRP is currently trading around $2,45, up 2% in the past 24 hours, as excitement mounts around the introduction of two fully collateralized stablecoins on the XRP Ledger.

The launches are expected to inject new liquidity into the network and expand the application possibilities of stablecoins within the XRPL ecosystem. On May 22, Ripple that Paris-based Schuman Financial has launched its euro-denomination stablecoin, EURØP, directly on XRPL.

This asset is fully compliant with the Crypto Asset Markets Directive and is issued by a licensed electronic payment service provider, supervised by the French ACPR, a branch of the central bank. EURØP is fully backed by reserves in major institutions, such as Societe Generale, and is regularly audited by KPMG.

Schuman CEO Martin Bruncko described the launch as “the next wave of financial innovation happening on-chain” and praised XRPL’s robust infrastructure, which has already processed more than 3,3 billion transactions via 200 independent validators.

This stablecoin supports a range of real-world applications, such as tokenized assets, B2B and international business payments.

On the same day, Brazil’s Braza Group launched its dollar-pegged stablecoin, USDB, on the XRP Ledger. USDB is backed by U.S. and Brazilian government bonds and is regularly audited. It targets both institutional clients and retail users, particularly for remittances and commercial transactions via Braza’s mobile app.

With over $1 billion moving through its interbank systems daily, Braza has over 15 years of experience in the Brazilian financial sector. By the end of 2025, the company hopes to have a 30% market share of the Brazilian USD stablecoin market.

According to CEO Marcelo Sacomori, stablecoins will eventually transcend traditional currency markets, and he believes XRPL is the perfect platform for this transition.

Together, EURØP and USDB position XRPL as a competitive platform for regulated digital settlements. The new influx of liquidity opens the door to real-world applications in Europe and Latin America, aligning with the broader trend of compliance-focused blockchain usage.

Technically, XRP is consolidating around $2,47, just below resistance. With the relative strength index neutral at 59, there is still room for further upside before the market overheats. Momentum indicators are mixed, but there is a slight short-term bearish bias.

However, the rising 10- and 20-day simple and exponential moving averages continue to provide support, showing that the bullish trend is still intact.

The next upside target for XRP could be located around $2,80, provided buyers manage to break the $2,58 resistance. A retest of the psychological $3,00 level could then follow. However, failure to break the resistance could lead to a pullback towards the support around $2,30 or even $2,16, where the 50-day moving averages converge.

“Imagine if cryptocurrencies could not only be used to invest, but also to revolutionize how we do business globally.”

Developments around stablecoins and the benefits they offer are in full swing. Join us as we explore what these changes mean for the future of crypto.

Frequently Asked Questions

What is EURØP?
EURØP is a Euro-denominated stablecoin launched by Schuman Financial on the XRP Ledger, fully backed by reserves at major financial institutions and subject to regular audits.

What is USDB?
USDB is a dollar-pegged stablecoin launched by Brazil's Braza Group on the XRP Ledger and is backed by US and Brazilian government bonds.

What are the benefits of stablecoins like EURØP and USDB?
Stablecoins like EURØP and USDB provide new liquidity, support real-world applications such as B2B transactions, and enable fast and efficient international payments.

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