Societe Generale Forge has announced that its euro-backed stablecoin, EUR CoinVertible, is now live on the XRP Ledger, marking another step in its multi-chain strategy.
The deployment comes after previous integrations on Ethereum and Solana. The move reinforces the firm’s commitment to delivering compliant crypto-assets across multiple Layer-1 networks.
Key Points
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Société Générale Forge expands EUR CoinVertible to XRP Ledger, boosting its multi-chain strategy.
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The euro-backed stablecoin adds XRPL to Ethereum and Solana deployments.
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Ripple supports the launch with institutional-grade custody and infrastructure services.
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SG-FORGE aims to drive regulated euro stablecoin adoption across trading, payments, and collateral use cases.
Why XRP Ledger?
According to SG-FORGE, the move seeks to improve adoption by leveraging XRP Ledger’s high-performance infrastructure. The company highlighted three key advantages:
- Enhanced scalability and transaction speed
- Lower transaction costs
- A secure and decentralized Layer-1 architecture
The integration is supported by custody infrastructure from Ripple, enabling institutional-grade security and operational standards.
New Use Cases on the Horizon
With EUR CoinVertible now live on XRPL, SG-FORGE plans to explore additional use cases. These include the potential integration of the stablecoin into Ripple’s product suite and its use as trading collateral within the broader digital asset ecosystem.
Ripple’s Managing Director for UK & Europe, Cassie Craddock, described SG-FORGE as one of the early European institutional players building a structured crypto-asset offering. She noted that Ripple has acted as a long-standing infrastructure partner, providing custody and blockchain technology to support the expansion.
Jean-Marc Stenger, CEO of SG-FORGE, said the launch represents another milestone in delivering next-generation compliant digital assets focused on transparency, security, and scalability.
Strengthening Institutional Stablecoin Adoption
The launch of EUR CoinVertible on XRPL shows that large institutions are interested in regulated stablecoins. By expanding to Ethereum, Solana, and now the XRP network, SG-FORGE aims to make its euro stablecoin easier to use across different blockchains.
As stablecoins play a bigger role in trading, payments, and collateral, moves like this could increase the use of regulated euro-backed digital assets in the global crypto market.
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