Key takeaways
Martin Bruncko says Kraken invested early in Schuman Financial, which he calls the most distributed euro stablecoin across key exchanges.
Martin Bruncko cites an S&P median estimate that the euro stablecoin market will reach €570 billion by 2030.
Schuman Financial says its platform delivers cross-border payments in under 10 minutes at near-zero cost, versus 3 days and 1% through traditional banking.
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Summary
Bruncko says euro stablecoins are entering a second era built on tokenized finance rather than crypto trading, and Schuman wants to be the default.
Kraken was an early investor in Schuman Financial, founder and CEO Martin Bruncko said on Stabledash Live. Bruncko describes the company as the main and most advanced euro stablecoin issuer, infrastructure and payments provider, and says it is one of the top two players in the euro stablecoin space.
From skeptic to issuer
Martin Bruncko says he has been an entrepreneur for most of the past twenty years and bought his first Bitcoin in 2013. He served as Slovakia's innovation minister and deputy finance minister. As a Harvard trained economist he was a crypto skeptic, he says, until stablecoins came around. He later advised EuroS, which he calls the first euro stablecoin.
“If you just take one single product in financial survey traditional financial services... It's euro dollar FX, right, product. So the daily trading volume on this one single real TradFi product is about an order of magnitude bigger than all the crypto trading of all the crypto trade pairs on all the crypto exchanges in the world.”
Martin BrunckoA second era
Martin Bruncko says stablecoins in their first era served one purpose only, crypto trading, and are now moving into a second era of tokenized financial services. He argues euro markets are about a third the size of dollar markets, and that euro dollar FX alone trades about an order of magnitude more daily than all crypto trading combined. He points to an S&P median estimate of €570 billion for the euro stablecoin market by 2030.
Payments and partners
Schuman Financial, which got a license and launched in January 2025, says money sent through its platform arrives in a US bank account in less than ten minutes and is basically free. Bruncko says it has integrated with a few neo banks, which he says should see it as a replacement for correspondent banking. He says the company works closely with OpenFX on FX and has a close relationship with Ripple.
Exchanges and agents
Martin Bruncko says Schuman Financial is listed on the key European exchanges with heavy euro flows, including Kraken. He expects a European crypto industry coalition around a euro stablecoin to be announced within the next couple of weeks. The company is also starting work on agentic payments, aiming to be the number one player for this in Europe.
Martin Bruncko says the goal is for key fintechs and digital asset native companies to rally behind Schuman Financial's stablecoin and infrastructure so that it becomes the default euro choice.
Kraken, Binance, Ethereum Foundation, and OpenFX come up most.
- People
- Martin Bruncko
- Drew Rogers
- Zach Fowler
- Companies
- Kraken
- Binance
- Ethereum Foundation
- OpenFX
- BitPanda
- Ripple
- Standard and Poor's
- Coinbase
- Revolut
- Schuman Financial
- Bitstamp
- E*TRADE
