A real-time demonstration on the XRP Ledger's decentralized exchange (DEX) has confirmed XRP's practical role as a bridge currency, facilitating a trade between Ripple USD (RLUSD) and the euro-backed stablecoin EUROP. The transaction, highlighted by XRP Ledger validator Vet (@Vet_X0) on February 14-15, 2026, utilized XRP as the intermediary asset within liquidity pools, showcasing a counterparty-free method for market makers.
The integration of EUROP, issued by Schuman Financial, is a significant development. It is the first MiCA-compliant euro stablecoin on the XRP Ledger, regulated by France's central banking authority (ACPR) and with reserves audited by KPMG and safeguarded by institutions like Societe Generale. Martin Bruncko, founder of Schuman Financial, stated that "EURØP on the XRPL combines the resilience of a global blockchain with euro-native liquidity and compliance at its core."
This event aligns with Ripple's updated Institutional DeFi roadmap, which positions XRP as central for settlement, foreign exchange, collateral, and on-chain credit. Cassie Craddock, Ripple's Managing Director for UK and Europe, emphasized that "The launch of EURØP on the XRP Ledger demonstrates how stablecoins can meet the high standards set by MiCA." The demonstration proves that assets on the ledger only need an XRP trading pair to access liquidity with any other asset, enhancing efficiency for institutional stablecoin use.
Concurrently, XRP's price surged by approximately 13%, rising from $1.34 on February 13 to $1.67 by February 15, reflecting growing market confidence in its expanding utility within global finance and decentralized finance (DeFi) applications.
