One of Europe’s Most Established Banks Makes Important Move for XRP
Societe Generale, one of the oldest banks in Europe, has made an important move for Ripple (XRP).
Societe Generale-FORGE (SG-FORGE) has announced plans to deploy its MiCA-compliant EURCV stablecoin on XRP Ledger (XRPL) in 2025.
According to the official blog page, the move to XRPL following successful deployments on Ethereum and Solana is part of SG-FORGE’s mission to promote scalable, secure, and low-cost digital asset solutions, and Ripple Custody will strengthen the integration by providing near-instant payments, robust security, and cost-effective transactions for EURCV.
XRPL, a decentralized Layer 1 blockchain, has a proven track record of over 2.8 billion transactions processed since 2012 and over 5 million active wallets.
“Deploying EURCV on the XRP Ledger complements our multi-blockchain strategy by providing cost efficiency and security,” said Guillaume Chatain, Chief Revenue Officer at Societe Generale-FORGE. “Our vision is to drive transparency and innovation in the digital asset space, and the speed and scalability of XRPL supports this mission.”
RippleX Senior Vice President Markus Infanger explained the importance of adding EURCV to XRPL: “Trusted, bank-grade stablecoins like EURCV are essential for enterprise use cases, including payments. Ripple’s solutions leverage stablecoins, XRP, and other digital assets to deliver faster, more reliable, and cost-effective cross-border payments. The inclusion of trusted assets like EURCV also increases transaction throughput and enhances the ecosystem for developers and applications on XRPL.”
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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