Euro Stablecoins Set for Major Growth
Martin Bruncko, founder of Schuman Financial, believes the rise of euro stablecoins is unavoidable. He spoke at EthCC in Cannes on July 1, predicting these digital assets coudl reach a market cap of €1 trillion. Currently, they lag behind dollar stablecoins but are poised for important growth.
As traditional finance moves onto blockchain, demand for euro-denominated digital assets will increase. Stablecoins already settle over €25 trillion annually, more than Visa or Mastercard. Financial institutions are exploring blockchain payments, and euro markets account for a third of global financial activity. Europe’s resistance to dollarization further supports this shift. MiCA regulations limit non-European stablecoins, making euro-pegged options essential. Bruncko’s firm, Schuman Financial, is launching EURØP, a fully licensed euro stablecoin backed by Société Générale and audited by KPMG. EURØP is listed on major European exchanges and integrates with SEPA and SWIFT.
Stablecoins settle more than €25 trillion yearly. With Europe’s financial digitization and anti-dollarization stance, euro stablecoins will likely dominate. EURØP aims to provide high-quality options and real-world use cases. Central bank digital currencies (CBDCs) are slower to develop, lacking crypto-native adoption. “If financial services move on-chain and Europe resists dollarization, euro stablecoins will thrive,” Bruncko explained. “We’re not just looking at a €100 billion market but potentially €1 trillion.”
EURØP, Schuman Financial’s stablecoin, is backed by Société Générale and audited by KPMG. Bruncko doubts a functional CBDC will emerge in the next few years. “Europe won’t dollarize soon, driving demand for euro stablecoins,” he said.
At EthCC, stablecoins were a hot topic. zain cheng discussed compliant private stablecoins. Tom.base.eth talked about local currency stablecoins empowering global commerce. Scott Piriou shared insights on BTC-backed decentralized stablecoins.
Europe’s financial future is digital, and euro stablecoins are at the forefront. Bruncko’s vision highlights the potential for massive growth in this sector.
