PARIS, July 7, 2025 /PRNewswire/ — Wirex Pay, a prominent provider of Web3 payment solutions, has announced a strategic alliance with Schuman Financial, the creator of EURØP, a euro-backed stablecoin designed to facilitate secure, transparent, and compliant digital transactions. This partnership bolsters Wirex’s status as a leader in digital asset infrastructure across Europe and introduces euro-based payment options to millions of users within its ecosystem.
Wirex Pay Collaborates with Schuman Financial to Improve EURØP Stablecoin Access and Liquidity
Through this collaboration, EURØP is now accessible within the Wirex App, enabling European users to effortlessly buy, hold, and utilize the fully MiCA-compliant stablecoin alongside both traditional fiat currencies and cryptocurrencies. Issued by a French-licensed entity and regulated by the ACPR (Banque de France), EURØP provides a clear and fully redeemable euro-denominated alternative for everyday transactions and digital commerce, ensuring both ease of access and trustworthiness. Wirex Pay is integrating directly with Schuman Financial’s minting and redemption systems, which will streamline the processes for issuing and redeeming the stablecoin. This enhancement increases EURØP’s liquidity and simplifies access for both retail users and institutional partners, allowing for its broader application in payment and treasury operations.
While USD-based stablecoins have traditionally dominated the digital economy, they present foreign exchange risks, misalignment with monetary policies, and regulatory challenges for European users. EURØP directly addresses these issues by offering a euro-centric solution tailored to the specific needs of the European market.
Pavel Matveev, Co-Founder of Wirex, remarked, “Our collaboration with Schuman Financial aligns seamlessly with our goal of connecting traditional finance with blockchain-based assets. By introducing EURØP to our global audience, we are enhancing access to a dependable euro-backed stablecoin that serves both businesses and consumers.”
Daniel Rowlands, General Manager of Wirex Pay, added, “This partnership marks a significant achievement as we strive to establish a robust, multi-chain payment infrastructure. The ability to directly mint and redeem EURØP improves our liquidity offerings and paves the way for innovative use cases and quicker, cost-effective transactions.”
Martin Bruncko, Founder & CEO of Schuman Financial, stated, “The collaboration with Wirex is focused on creating the framework for a sovereign and euro-denominated digital economy. We developed EURØP with a compliance-first mindset, and we are thrilled to offer Europeans a reliable euro stablecoin. With Wirex Pay, we are unlocking practical applications for millions of users and taking a significant step toward positioning Europe as a leader in digital finance.”
About Wirex Pay
Wirex Pay is an innovative stablecoin payment platform that bridges the gap between blockchain advancements and practical use. Leveraging Zero Knowledge (ZK) technology, Wirex Pay provides unparalleled privacy, scalability, and efficiency, transforming the way stablecoins are used for global transactions. At the heart of Wirex Pay is the capability to issue non-custodial Visa cards, allowing users to spend their stablecoins effortlessly at over 80 million merchants in more than 200 countries where Visa is accepted. By combining the reliability of Visa’s extensive payment network with blockchain innovation, Wirex Pay ensures that users can transact with both confidence and convenience.
About Schuman Financial
Schuman Financial is a prominent provider of technologies, infrastructure, and solutions for finance based on European stablecoins. The company is dedicated to bringing European financial services, including payments, foreign exchange trading, and investment management, onto blockchain platforms. Schuman’s flagship product, EURØP, is a euro-denominated stablecoin issued by a French-regulated company with an Electronic Money Institution (EMI) license, custodied by major European banks such as Societe Generale, and subjected to regular audits by KPMG.
