Thomas Daniels
Societe Generale-FORGE (SG-FORGE), the digital asset arm of French banking giant Societe Generale, has announced plans to launch its euro-pegged stablecoin, EURCV, on the XRP Ledger (XRPL) by 2025. This marks the latest move in SG-FORGE’s strategy to build a multi-chain ecosystem for its digital assets, following previous launches on Ethereum and Solana.
By leveraging XRPL’s high-speed, low-cost infrastructure, SG-FORGE aims to advance the adoption of EURCV in cross-border transactions, catering to financial institutions that demand efficiency and compliance. SG-FORGE has established itself as a leader in digital finance innovation, integrating institutional-grade solutions on multiple blockchains to meet rigorous European regulatory standards, particularly under the Markets in Crypto-Assets (MiCA) framework.
Designed with MiCA’s regulatory standards in mind, EURCV will align with European guidelines on transparency, consumer protection, and market integrity. This integration underscores SG-FORGE’s commitment to creating compliant, secure, and interoperable digital assets tailored for institutional finance.
Stablecoins like EURCV, which are tied to fiat currencies such as the euro, offer a more stable transaction medium compared to volatile cryptocurrencies like Bitcoin. This stability appeals to financial institutions seeking predictable, risk-mitigated solutions for transactions.
The XRP Ledger, operational since 2012, has processed over 2.8 billion transactions, supporting more than 5 million wallets. Guillaume Chatain, Chief Revenue Officer of SG-FORGE, commented on the strategic importance of XRPL for EURCV, noting that the ledger’s robust performance aligns well with SG-FORGE’s ambitions to deliver next-generation digital assets.
“Our decision to launch this stablecoin on XRPL was driven by our desire to offer compliant, efficient, and secure digital assets that meet institutional needs. This is just the beginning,” said Chatain.
Scheduled for a 2025 launch, EURCV’s deployment on XRPL forms a key part of SG-FORGE’s blockchain initiatives, as it continues to establish EURCV as a reliable, Euro-backed stablecoin for institutional finance.
