PARIS, July 7, 2025 /PRNewswire/ — Wirex Pay, a prominent name in the realm of Web3 payment solutions, has announced a significant collaboration with Schuman Financial, the creator of EURØP, a stablecoin pegged to the euro that aims to facilitate secure, transparent, and compliant digital transactions. This partnership bolsters Wirex’s standing as a leader in digital asset infrastructure across Europe, making euro-based payments accessible to millions within its user community.
Wirex Pay and Schuman Financial Join Forces to Expand EURØP Stablecoin Access and Liquidity
Through this partnership, EURØP is now integrated into the Wirex App, enabling European users to easily purchase, store, and spend this fully MiCA-compliant stablecoin alongside traditional currencies and cryptocurrencies. The stablecoin is issued by a French-licensed institution and is regulated by the ACPR (Banque de France), providing a transparent and fully redeemable euro-backed option for everyday transactions and digital commerce, thereby fostering both accessibility and reliability. Wirex Pay is directly connecting with Schuman Financial’s mint and redeem framework, which streamlines the processes for issuing and redeeming EURØP, ultimately enhancing its liquidity and facilitating easier access for both retail and institutional users, allowing for broader applications in payment and treasury functions.
While USD-pegged stablecoins have traditionally dominated the digital economy, they can expose European users to risks associated with foreign exchange fluctuations, differences in monetary policies, and complicated regulatory environments. EURØP is designed to tackle these issues directly, offering a euro-centric solution that aligns with the specific needs of the European market.
Pavel Matveev, Co-Founder of Wirex, stated, “Our collaboration with Schuman Financial mirrors our goal of connecting traditional finance with blockchain assets. By making EURØP available to our global user base, we are enhancing access to a dependable, euro-backed stablecoin that serves both business and consumer needs.”
Daniel Rowlands, General Manager of Wirex Pay, remarked, “This partnership marks a pivotal achievement as we strive to create a comprehensive, multi-chain payment ecosystem. The ability to mint and redeem EURØP directly boosts our liquidity capabilities and paves the way for innovative applications and more efficient transactions.”
Martin Bruncko, Founder and CEO of Schuman Financial, emphasized, “Teaming up with Wirex is about establishing the infrastructure for a sovereign digital economy tied to the euro. We developed EURØP with a strong emphasis on compliance and are thrilled to offer Europeans a trustworthy euro stablecoin. Through Wirex Pay, we are unveiling practical use cases for millions of users and advancing Europe’s position in the digital finance landscape.”
About Wirex Pay
Wirex Pay is a groundbreaking platform for stablecoin payments that bridges the divide between blockchain innovation and practical application. Utilizing Zero Knowledge (ZK) technology, Wirex Pay provides exceptional privacy, scalability, and efficiency, transforming the way stablecoins are employed for international transactions. Central to Wirex Pay’s offerings is its capability to issue non-custodial Visa cards, allowing users to effortlessly spend their stablecoins at over 80 million merchants worldwide wherever Visa is accepted. By merging the dependability of Visa’s global payment network with blockchain advancements, Wirex Pay ensures users can conduct transactions with assurance and ease.
About Schuman Financial
Schuman Financial is a premier provider of technological solutions, infrastructure, and services for stablecoin-based finance in Europe. The company aims to transition European and euro-denominated financial services to blockchain, encompassing payments, foreign exchange trading, and investment management. Schuman Financial’s flagship product, EURØP, is a euro-pegged stablecoin issued by a French-regulated entity with an Electronic Money Institution (EMI) license, holding reserves with major European banks such as Société Générale, and is regularly audited by KPMG.
