Non-USD are now taking center stage as they are successfully meeting and passing the strict regulatory standards and are looking to challenge the long-standing dominance of dollar-backed stablecoins like USDT and . EURØP, the first euro-backed stablecoin that’s compliant with the European Union’s Markets in Crypto-Assets (MiCA) regulations, was recently launched on the XRP Ledger, setting a standard for regulated digital assets in Europe.
The stablecoin is fully backed by euros, with reserves audited by KPMG and held at trusted financial institutions, like Societe Generale. It is regulated by France’s Prudential Supervision and Resolution Authority and adheres to strict European financial guidelines, ensuring transparency and reliability for users.
EURØP’s debut on XRPL brings euro-denominated DeFi into focus, offering fast, low-cost cross-border payments and seamless access to tokenized real-world assets like bonds and real estate. As a MiCA-regulated stablecoin, it gives traders and institutions a trusted alternative to USD-backed tokens, enabling yield strategies without dollar risk, all within a compliant, euro-native framework.
However, while EURØP is getting attention in the West, another stablecoin called has already been making waves in Central Asia. What sets A7A5 apart isn’t just where it’s based but how far it’s already gone in turning regulatory ideals into practice. Backed by Kyrgyzstan’s forward-looking digital asset laws and state-supervised licensing framework, A7A5 didn’t emerge in a vacuum – it’s the product of a national strategy to integrate blockchain into formal finance. Its emergence signals that the next phase of stablecoin innovation might come from the edges of the global financial map, not its center.
