Societe Generale-FORGE is gearing up to introduce its euro-pegged stablecoin, EURCV, on the XRP Ledger in 2025. This move signifies SG-FORGE’s expansion into a multi-chain strategy, following previous launches on Ethereum (ETH) and Solana (SOL).
The decision to launch on XRPL is driven by the aim to leverage XRP’s low-cost and high-speed infrastructure to enhance the adoption of its digital currency in cross-border payments. SG-FORGE, a digital asset subsidiary of the renowned French banking institution Societe Generale, is dedicated to developing blockchain-based solutions for traditional finance.
The integration of EURCV with the XRP Ledger is in line with MiCA standards, ensuring compliance with European regulatory guidelines concerning transparency, consumer protection, and market integrity. SG-FORGE has been actively incorporating digital assets into the financial landscape, with a focus on offering compliant, institutional-grade, interoperable products across various blockchain networks.
Stablecoins like EURCV are essential in the digital asset realm as they are pegged to traditional assets, typically fiat currencies like the euro, to maintain a stable value. Unlike volatile cryptocurrencies such as Bitcoin (BTC), stablecoins provide a predictable and less risky medium for transactions.
Since its establishment in 2012, the XRP Ledger has processed over 2.8 billion transactions and supported more than 5 million active wallets. Guillaume Chatain, the Chief Revenue Officer at SG-FORGE, sees the XRPL as a strategic platform for EURCV, citing its speed and cost-efficiency aligning with the company’s vision for next-generation digital assets.
Scheduled for launch in 2025, this integration on the XRPL is part of SG-FORGE’s ongoing blockchain initiatives to position EURCV as a dependable stablecoin for institutional finance. Chatain emphasizes the significance of offering compliant, efficient, and secure digital assets that cater to institutional requirements, paving the way for future advancements in the digital asset landscape.
