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      SwissBorg Joins Eurøpe Consortium to Support Euro Stablecoin EURØP

      SwissBorg has become a founding member of the Eurøpe Consortium, which aims to promote the use of the euro stablecoin, EURØP. The consortium includes notable partners such as Schuman Financial, eToro, and LCX, and focuses on creating a regulated digital euro token that operates across multiple major blockchains.

      EURØP is issued by Schuman Financial and is categorized as an electronic money token (EMT) under the European Union's Markets in Crypto-Assets regulation (MiCA). The token is fully backed by euros, with an additional 2% reserve fund maintained by Schuman Financial and audited by KPMG. EURØP is currently available on five blockchains: Avalanche, Ethereum, Polygon, Solana, and XRPL, allowing it to reach a broad user base across various smart contract and payment ecosystems.

      SwissBorg began trading EURØP on its platform in December 2025, coinciding with its membership in the consortium. In June 2026, the company transitioned user accounts to BlockNodes SAS, a MiCA-authorized entity in France, covering users in the European Economic Area and the UK. Additionally, SwissBorg launched a loyalty program in July 2026, offering rewards in its native token, BORG, for EURØP deposits without requiring users to lock up their funds. This program is set to run until August 2026, along with zero exchange fees for EURØP deposits until the same date.

      The formation of the Eurøpe Consortium is seen as a strategic move to enhance the utility of EURØP by leveraging the existing user bases of its founding members. With MiCA providing a regulatory framework for stablecoin issuers and crypto service providers in the EU, the consortium aims to establish a robust infrastructure for euro stablecoins, facilitating their adoption and use in everyday transactions.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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