• SocGen taps XRP Ledger for euro stablecoin distribution The French banking giant expands its euro stablecoin to a third blockchain, deepening institutional use of XRPL for compliant digital assets and onchain settlement What to know: Societe Generale’s digital assets unit has launched its euro stablecoin, EUR CoinVertible, on the XRP Ledger, expanding beyond its existing integrations on Ethereum and Solana. • EUR CoinVertible is issued under French digital asset regulations, backed one-to-one by cash or high-quality securities, and has a circulating supply of about €65.8 million, making it one of the larger euro stablecoins after Circle’s EURC. • SG-FORGE cited the XRP Ledger’s low costs and fast settlement and will use Ripple’s custody infrastructure, bolstering XRPL’s bid to be a compliant platform for tokenized finance as it rolls out features like a permissioned DEX for regulated institutions. • Societe Generale’s digital assets arm SG-FORGE hasdeployed its euro stablecoin, EUR CoinVertible, on the XRP Ledger, expanding beyond its existing integrations on Ethereum and Solana as competition heats up in Europe’s regulated stablecoin race. • EUR CoinVertible is issued under French digital asset rules and is backed 1 to 1 by cash deposits or high-quality securities. • It has a circulating supply of roughly 65.8 million euros,per CoinGecko, making it one of the larger euro stablecoins in the market behind Circle’s EURC.

Article Summaries:

  • Societe Generale’s digital‑assets arm, SG‑FORGE, has launched its euro‑stablecoin, EUR CoinVertible, on the XRP Ledger (XRPL), extending the token beyond its existing Ethereum and Solana deployments. The stablecoin is issued under French digital‑asset regulations, backed 1‑to‑1 by cash or high‑quality securities, and currently circulates about €65.8 million-making it one of the largest euro stablecoins after Circle’s EURC. SG‑FORGE cited XRPL’s low transaction costs and rapid settlement, and will employ Ripple’s custody infrastructure. The move bolsters XRPL’s bid to be a compliant venue for tokenized finance, coinciding with upcoming permissioned DEX upgrades for regulated firms.

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