Societe Generale Expands Euro Stablecoin to XRP Ledger for Institutional Settlement

Societe Generale has extended the distribution of its euro denominated stablecoin, EUR CoinVertible (EURCV), to the XRP Ledger, marking the third blockchain integration after deployments on Ethereum and Solana. The move signals a deeper push by traditional financial institutions into regulated digital asset infrastructure.

Issued by the bank’s digital assets subsidiary SG-FORGE, EUR CoinVertible operates under French digital asset regulations and is backed one-to-one by cash deposits or high-quality securities. With a circulating supply of approximately €65.8 million, it ranks among the larger euro stablecoins currently in the market.

Institutional Focus and Regulated Tokenization

SG-FORGE cited the XRP Ledger’s low transaction costs and rapid settlement capabilities as key reasons for the integration. The rollout will also leverage Ripple’s custody infrastructure to support compliant issuance and asset management.

The expansion strengthens XRPL’s positioning as a platform for regulated tokenized finance. Validators on the network are currently evaluating upgrades such as a Permissioned DEX, designed to allow controlled trading environments restricted to approved participants.

As European banks accelerate efforts around tokenized deposits and onchain settlement, the addition of EUR CoinVertible to XRPL reflects intensifying competition among blockchains to host compliant digital assets.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.