French Banking Giant Société Générale Launches Euro Stablecoin to XRPL Network
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Société Générale launched its euro stablecoin EURCV on February 18th through SG-FORGE, integrating with the XRP Ledger, marking a significant development in regulated crypto for mainstream finance. EURCV is fully backed 1:1 by bank cash deposits and high-quality securities, also being supported on Ethereum and Solana in 2023 and 2024, respectively.
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- The euro stablecoin was launched through Société Générale’s crypto arm, SG-FORGE.
- XRP Ledger is the third blockchain for EURCV after Ethereum in 2023 and Solana in 2024.
- EURCV is fully backed 1:1 by bank cash deposits or high-quality securities.
French banking giant Société Générale has launched its euro stablecoin, EURCV on February 18th and is now available on the XRP Ledger. The euro stablecoin was launched through Société Générale’s crypto arm, SG-FORGE, representing a big move for regulated crypto in mainstream finance. It’s now live on the XRP Ledger, which is the third blockchain for EURCV after Ethereum in 2023 and Solana in 2024.
The decision to integrate with XRPL was likely driven by Société Générale’s focus on institutional-grade infrastructure. According to SG-FORGE, XRPL was selected for its network’s speed, low fees, fast settlement…
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