XRP’s new euro cash-out route had less than €100 in its direct market
A Nov. 8 XRPL snapshot found only one direct XRP/EURGH offer, providing 96.80 euro tokens for 484 XRP—less than €100 of displayed liquidity. No automated market-maker pool was present, and a test request to convert 1,000 EURGH returned no route. The offer implied 0.20 EURGH per XRP, far below a Kraken XRP/EUR bid observed about 101 seconds earlier, though the quotes were from different venues and were not guaranteed executable comparisons. GateHub and issuer Dinaro say EURGH can be redeemed through SEPA, subject to verification and legal requirements, but that bank access does not ensure a competitive or sufficiently liquid way to convert XRP into the token. The findings apply to the tested public XRPL conditions, not all GateHub channels or possible routes.
