XRP Ledger Selected
For 2025 Stablecoin
Launch By
Major French Financial
Institution
XRP Ledger Selected For 2025 Stablecoin Launch By Major French Financial
Institution
by Jake Simmons
1 hour ago
in XRP
0
Societe Generale• Объект организация » Организации по алфавиту » Организации на Со » Сосьете Женераль-FORGE (SG• Объект организация » Организации по алфавиту » Организации на Со » Сосьете Женераль-FORGE), the digital asset subsidiary of French
banking giant Societe Generale• Объект организация » Организации по алфавиту » Организации на Со » Сосьете Женераль, has announced plans to deploy its
MiCA-compliant stablecoin, EUR CoinVertible (EURCV), on the XRP Ledger in
2025. The decision makes the XRPL the third blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн platform for EURCV,
following its initial launches on Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum and Solana.
XRP Ledger Gains French Stablecoin Partner
In an official press release, SG• Объект организация » Организации по алфавиту » Организации на Со » Сосьете Женераль-FORGE explained its decision with the
ledger s capabilities in scalability, speed, and
cost-efficiency—attributes crucial for institutional-grade stablecoins.
[It] is the ideal platform to complement our existing deployments due
to the combination of speed and cost-efficiency, stated Guillaume
Chatain, Chief Revenue Officer at Societe Generale• Объект организация » Организации по алфавиту » Организации на Со » Сосьете Женераль-FORGE.
Our decision to launch this stablecoin on this blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн was driven by
our desire to offer next-generation, compliant digital assets that promote
transparency, security, and scalability. This is just the beginning. We look
forward to further innovation and expanding the reach of our portfolio of
digital solutions,” he added.
Related Reading: Dogecoin Price To $3, XRP To $5, And PNUT To $5? Analyst
Shocks Crypto With 12-Month Forecast
The XRPL has been operational since 2012, processing over 2.8 billion secured
transactions and supporting more than 5 million active wallets. Its ability to
handle up to 1,500 transactions per second with near-instant settlement times
of 3-5 seconds makes it a compelling choice for financial institutions,
according to the french banking giant.
Ripple welcomed SG• Объект организация » Организации по алфавиту » Организации на Со » Сосьете Женераль-FORGE s announcement as a significant step toward
enhancing the utility of stablecoins in cross-border payments. Monica Long,
President of Ripple, expressed her excitement on X: Europe’s stablecoin
market is taking off – very excited to have Societe Generale• Объект организация » Организации по алфавиту » Организации на Со » Сосьете Женераль-FORGE’s
MiCA-compliant stablecoin EURCV soon to be launched on the XRP Ledger.
RippleX, Ripple s development arm, highlighted the technical advantages
of the integration: Societe Generale• Объект организация » Организации по алфавиту » Организации на Со » Сосьете Женераль-FORGE has announced the launch of
its EURCV stablecoin on the XRP Ledger in 2025. With Ripple Custody powering
the integration, EURCV will benefit from the near-instant settlement, low
fees, scalability, and security.
Related Reading: Ripple CTO Reveals Why The Payment Business• Экономика » Бизнес Hasn’t Caught On
In A ‘Big Way’
Markus Infanger, Senior Vice President at RippleX, emphasized the broader
implications for institutional use cases: Bringing trusted,
banking-grade stablecoins like EURCV onto the XRPL is critical to enabling
institutional use cases, like payments, which is a core focus for Ripple. Our
payment solutions leverage stablecoins, XRP, and other digital assets to
enable faster, more reliable, and cost-effective cross-border payments .”
Infanger also emphasized that the entire ecosystem will benefit from the news.
“More credible assets on the XRPL drive greater trading volume, benefiting
users, developers, and applications that want to tap into the power of
blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн technology,” he added.
EURCV is designed to be fully compliant with the forthcoming Markets in
Crypto-Assets (MiCA) regulation in the European Union• Объект организация » Организации по алфавиту » Организации на Ев » Евросоюз, positioning it as a
secure and regulated digital asset for institutional investors. SG• Объект организация » Организации по алфавиту » Организации на Со » Сосьете Женераль-FORGE
operates under the supervision of French regulatory authorities, including the
Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des
Marchés Financiers (AMF). It is authorized as an investment firm, an
electronic money institution, and a digital asset service provider (DASP).
The stablecoin will be issued on the XRPL using Ripple Custody solutions—
formerly known as Metaco —which SG• Объект организация » Организации по алфавиту » Организации на Со » Сосьете Женераль-FORGE already employs as a technical
service provider. The integration is pending final technical adjustments and
is scheduled for launch in 2025.
At press time, XRP traded at $0.7986. XRP price, 1-week chart | Source:
XRPUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
