Stablecoins & Markets
Kim Min-jun
Coverage focuses on reserves, redemption and the flow of money through digital-asset markets.
View articlesEUROP (Schuman Financial)
EURØP (EUROP) is a euro-backed stablecoin issued by Salvus SAS, trading as Schuman Financial (France), launched on November 22, 2024. Regulation: electronic money institution authorized by France’s ACPR; EUROP is an e-money token under MiCA. It is on ESMA’s list of e-money tokens under MiCA.
- Ticker
- EUROP
- Issuer
- Salvus SAS, trading as Schuman Financial (France)
- Pegged to
- Euro
- Type
- Fiat-backed
- Launched
- November 22, 2024
- E-money token under MiCA
- Yes
- Accounting firm or verifier
- KPMG
- Latest reserve report
- June 30, 2026
- Transparency page
- schuman.io
- Checked on
Cash and cash equivalents in segregated accounts at regulated EU financial institutions, including Société Générale, plus a 2% additional reserve. Reserve reporting: quarterly. Accounting firm or verifier: KPMG. The latest report covers June 30, 2026.
Institutions redeem through a Schuman Financial account and individuals through a form, after checks, without fees. Subscriptions start at €10,000. The issuer lists 4 networks where the token is issued natively: Ethereum, Polygon, Avalanche and XRP Ledger.
- Token name
- EURØP
- Brand
- Schuman Financial
- Regulation
- Electronic money institution authorized by France's ACPR; EUROP is an e-money token under MiCA
- Reserves
- Cash and cash equivalents in segregated accounts at regulated EU financial institutions, including Société Générale, plus a 2% additional reserve.
- Reserve reporting
- Quarterly
- Latest report
- schuman.io
- Redemption
- Institutions redeem through a Schuman Financial account and individuals through a form, after checks, without fees. Subscriptions start at €10,000.
- Networks (native issuance)
- Ethereum, Polygon, Avalanche, XRP Ledger
- Number of networks
- 4
- Website
- schuman.io
- Sources
Page URL Schuman Financial reserve audits page https://schuman.io/reserve-audits/ About EURØP page https://schuman.io/europ/ EURØP white paper v1.7 (amended 23 Mar 2026) https://schuman.io/wp-content/uploads/EUROP-White-Paper.pdf EURØP white paper v1.3 (offer start date, DLT list) https://schuman.io/wp-content/uploads/2025/02/EUROP-White-Paper_1.3.pdf Schuman blog Dec 2025 (operational chains) https://schuman.io/blog/three-ways-europ-is-built-to-move-euros/ KPMG attestation as of 30 June 2025 (sample of report format) https://schuman.io/wp-content/uploads/2025/07/Attestation_regarding_the_number_of_EUROP_tokens_as_of_30_06_25.pdf ESMA interim MiCA register: e-money token issuers https://www.esma.europa.eu/sites/default/files/2024-12/EMTWP.csv
