In the latest XRP news, French Banking Group Societe Generale shared that it has integrated its euro stablecoin on the XRPL with Ripple support. This makes it the third blockchain the stablecoin has launched on.
XRP News: SG-FORGE Launches Euro Stablecoin on XRPL
In a press release, the banking group’s digital asset branch, SG-FORGE, has launched its euro-denominated stablecoin, EUR Convertible, on Ripple’s ledger. This launch is facilitated by the custody infrastructure provided by Ripple and could allow for the integration of the token with Ripple products, such as being used as trading collateral.
According to SG-FORGE, this development increases institutional access to the euro-backed token on another public network. EUR CoinVertible is collateralized by cash deposits of banks or high-quality securities on a 1:1 basis. There are currently around 70 million of these tokens in circulation.
This comes as the XRP Ledger continues to see increased activity. Just recently, the XRPL crossed $1 billion in tokenized assets on its platform. This shows huge institutional activity on the ledger.
The launch by the French bank comes a month after SWIFT piloted SocGen’s euro-pegged stablecoin as part of a pilot for exchange and settlement of tokenized bonds in both fiat and digital currencies. According to them, EUR CoinVertible is the first MiCA-compliant digital asset that is designed to integrate with SWIFT’s interoperability.
Ripple had earlier shared in its 2026 roadmap that it aims to see more stablecoin launches in its XRP Ledger. The ledger’s stablecoin volume has recorded over $1 billion in volume as adoption grows.
Ripple Upgrades Ledger as Institutions Pivot
As earlier highlighted, the XRPL has continued to see major institutional activity even with the current sentiment in the market. Earlier this week, validator Vet pointed out that there is a privacy upgrade coming to the network, which will increase institutional adoption.
The new functionality will allow institutions to issue tokenized assets and manage them securely while keeping transparency for regulatory purposes. Prior to that, the UK investment firm, Aviva, partnered with Ripple to bring traditional fund structures to the XRP Ledger to meet the need for tokenization in the markets.
This comes after Ripple launched a major update to Ledger in December last year to adapt to the new changes. The major update brings about major changes, optimizations, and critical fixes to enhance network stability and DeFi capabilities. This was also in a bid to boost RLUSD’s adoption.
Source: https://coingape.com/xrp-news-french-banking-giant-taps-xrpl-for-euro-stablecoin-with-ripple-support/
