XRP Bridges RLUSD–EUROP on XRPL, Demonstrating Counterparty-Free Euro Liquidity

Published: 2026-02-15 15:23:47 |

XRP was used as the bridging asset in a live on‑chain swap between RLUSD and EUROP on the XRP Ledger decentralized exchange, demonstrating counterparty‑free market making and euro settlement capability. The trade routed RLUSD to EUROP through XRP liquidity pools, meaning assets on XRPL only need an XRP pair to access other tokens. EUROP (EURØP), issued by Schuman Financial, is a MiCA‑compliant euro stablecoin on XRPL backed by audited reserves (KPMG) and regulated by France’s ACPR; Schuman integrated EURØP to XRPL in May. XRPL counts about six million active wallets, 200+ validators and over 3.3 billion transactions historically, positioning it for institutional stablecoin use. Ripple operations lead Cassie Craddock and Schuman founder Martin Bruncko commented on compliance and euro‑native liquidity. The demonstration highlights reduced counterparty exposure for market makers, expanded DeFi and real‑world asset settlement in euros, and improved capital efficiency for liquidity providers on XRPL.

Bullish

This live RLUSD→EUROP swap using XRP as the bridge is likely bullish for XRP and XRPL usage. It demonstrates practical, on‑chain euro settlement and multi‑stablecoin interoperability without direct pairs, reducing counterparty exposure — an attribute attractive to market makers and institutions. Increased utility for XRP (as a neutral bridge asset) can raise demand for XRP liquidity pools and widen on‑chain volume. Historically, protocol-level demonstrations that enable fiat‑stablecoin rails (e.g., USDT/USDC integrations on major chains) have coincided with higher on‑chain activity and positive price pressure for native liquidity tokens. Short term, traders may see increased XRP trading volume and tighter spreads around XRPL pairings; volatility could spike as market makers adjust positions. Long term, if more regulated euro stablecoins and institutional flows adopt XRPL, the network could see sustained growth in settlement volume and collateral demand for XRP, supporting a constructive outlook for price and market depth. Risks include regulatory developments affecting stablecoin issuers or XRPL, and the possibility that demand concentrates in euro stablecoins without materially increasing XRP-held liquidity if market makers prefer other collateral — which would temper impact.