Cyprus-based fintech company Xryma Plc announced the launch of its regulated stablecoin, XrymaCoin (XREUR), backed by the euro. Following notification to the Central Bank of Cyprus, the company published documentation for the issuance of XREUR in compliance with the MiCA regulatory requirements. The launch of XREUR for the general public is scheduled for September 3, 2026.
The issuance and circulation of the stablecoin will take place via the Xryma platform. Private users and companies will be able to acquire XREUR using open banking payments, the European Central Bank's T2 instant settlement system, or through integration with an API for business.
The platform supports instant SEPA transfers, Mastercard-based open banking services, and connectivity to the European Central Bank's settlement system. When redeeming the stablecoin, users will be able to receive euros instantly in their account or send funds to over 60 countries with next-business-day crediting.
Image: Magnific
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