| What to Know: - SG-FORGE deploys euro stablecoin EURCV on XRP Ledger for payments. - Move advances multi-chain strategy, enabling broader on-chain settlement and treasury operations. - MiCA-aligned e-money classification enhances institutional trust, reserves, and redemption oversight. |
Societe Generale’s digital asset arm, SG-FORGE, has launched its euro-denominated stablecoin, EUR CoinVertible (EURCV), on the XRP Ledger. The deployment was announced today, according to Ledger Insights (https://www.ledgerinsights.com/socgen-forge-goes-live-with-eurcv-stablecoin-on-xrp-ledger/).
The move expands SG-FORGE’s multi-chain strategy and brings EURCV to another payments-focused Layer-1. This follows earlier deployments, as reported by Blockonomi (https://blockonomi.com/eur-coinvertible-stablecoin-launches-on-xrp-ledger-expanding-reach/), positioning EURCV for broader on-chain settlement and treasury use cases.
From a regulatory lens, coverage by Cinco Días/El País (https://cincodias.elpais.com/criptoactivos/2025-06-10/societe-generale-lanzara-una-nueva-stablecoin-ligada-al-dolar-a-traves-de-su-filial-de-criptos.html) notes that EURCV aligns with the EU’s MiCA framework and is treated as an electronic money token. That classification is a differentiator for institutions that prioritize reserve quality, redemption terms, and supervised issuance under European rules.
EURCV is a euro-backed stablecoin issued by SG-FORGE and now live on the XRP Ledger (XRPL), a network designed for fast, low-cost payments and native on-ledger settlement. In practice, deploying EURCV on XRPL is intended to combine regulated issuance with high-throughput rails for institutional transactions.
Introducing the asset on XRPL was presented as a performance- and cost-driven choice. “The XRP Ledger is the ideal platform to complement our existing deployments due to the combination of speed and cost-efficiency,” said Guillaume Chatain, Chief Revenue Officer at SG-FORGE, as reported by CryptoSlate (https://cryptoslate.com/societe-generale-expands-its-stablecoin-to-ripples-xrp-ledger-to-drive-further-adoption/).
From a use-case standpoint, industry commentary underscores institutional payments and on-chain liquidity as near-term beneficiaries. CoinDesk (https://www.coindesk.com/business/2024/11/14/socgen-crypto-arm-to-bring-its-euro-stablecoin-to-xrp-ledger-lays-out-plan-for-going-multichain/) reported that RippleX frames banking-grade stablecoins like EURCV as catalysts for enabling regulated payment flows on XRPL.
For market context, at the time of this writing XRP traded around $1.46, with an RSI near 43.5 and estimated volatility of roughly 13.5%, based on data from TradingView (https://www.tradingview.com/). These figures provide background only and do not speak to the merits or risks of EURCV itself.
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