Three Ways EURØPIs Built
to Move Euros
Cross-border euro settlements can take up to three business days via SWIFT. Treasury teams reconcile payments manually and absorb FX spread costs. Traditional banking infrastructure limits euro liquidity management.
EURØP is a MiCA-compliant euro stablecoin that addresses these constraints. Settlement happens in seconds on Ethereum, Polygon, Avalanche, and XRPL. Reserves are held with Société Générale and attested by KPMG.
Three capabilities are live today.
Cross-border payments settle in seconds
Cross-border euro payments can take up to three business days to clear. SWIFT routing requires correspondent bank approvals at each hop, and reconciliation requires matching payment references across systems. Payment processors that offer same-day delivery charge up to 3% in fees, and those fees exclude FX spreads and intermediary charges.
Companies have the euros. Counterparties need the euros. But the infrastructure turns a simple transfer into a multi-day process that introduces risk and cost at every step.
EURØP settles in seconds. Settlement runs 24/7, including weekends. Fireblocks supports EURØP for institutional custody and settlement, meaning treasurers can move euros on-chain with full audit trails without correspondent banks or settlement windows. With EURØP on XRPL, a payment from São Paulo to Munich moves as fast as a payment from Frankfurt to Berlin.
FX swaps complete in under 15 minutes
Traditional FX markets operate during banking hours with negotiated spreads. A treasury team converting euros to dollars for a supplier payment faces spread markups, intermediary fees, and settlement delays of several hours.
The inefficiency compounds when markets are volatile. By the time a traditional FX trade settles, the rate may have shifted enough to require new approvals or expose the company to unexpected costs.
EURØP enables FX conversions in under 15 minutes. Convert between stablecoins and fiat with transparent on-chain pricing, 24/7. Treasury teams execute FX at the moment they need it, not when the bank is open.
Virtual IBANs enable instant euro transfers up to €1M
Traditional euro transfers require clients to initiate payments from their own bank accounts, which introduces delays for verification, settlement windows, and transaction limits that slow treasury operations.
Schuman issues virtual IBANs in each client’s name. Each vIBAN is unique and processes instant SEPA payments up to €1M, depending on their bank’s Instant SEPA limits. Euro payments arrive instantly, trigger automatic EURØP minting, and settle on-chain within seconds.
Treasury teams manage euro liquidity without waiting for banking hours or traditional settlement delays. The vIBAN infrastructure combines traditional banking rails with stablecoin speed.
What’s live today
Settlement on Ethereum, Polygon, Avalanche, and XRPL is operational. Fireblocks custody and Société Générale reserve accounts are active. KPMG attestations publish quarterly. Virtual IBAN issuance and instant SEPA integration are live.
See EURØP in action. Contact us.
This communication is provided by Salvus SAS, an authorised EMT issuer in France, which trades under the name Schuman Financial. Detailed information about the electronic money tokens (“EMT”) we issue, including the EURØP stablecoin, can be found in the published White Papers available on our website. Token holders are entitled to redeem EURØP directly from the issuer at any time at face value.