Societe Generale Brings Euro Stablecoin to XRP Ledger

SG-FORGE, the digital subsidiary of French banking giant Societe Generale, has made its euro stablecoin EUR CoinVertible (EURCV) available on the XRP Ledger. Following Ethereum and Solana, this marks the third public blockchain on which the token is available ^[1].

SG-FORGE cites the network's scalability, speed, and low transaction costs as reasons for the integration. The launch is supported by Ripple's custody infrastructure. The company is examining additional use cases, including integration into Ripple products and the deployment of EURCV as trading collateral ^[1].

The expansion follows a successful pilot project with the SWIFT banking network in mid-January, which tested the trading and settlement of tokenized bonds. According to SG-FORGE, EUR CoinVertible is the first MiCA-compliant stablecoin with native compatibility for SWIFT's interoperability features ^[1].

The stablecoin is backed one-to-one by bank deposits or high-quality collateral. The multi-chain strategy aims to expand institutional access and make the token usable across different infrastructure setups ^[1].