Société Générale, a leading French multinational bank, has introduced a euro-denominated stablecoin to the XRP Ledger. The move marks the third network integration of the bank’s digital tokens, following previous launches on Ethereum and Solana.
The stablecoin, known as EUR CoinVertible, is operated through the bank’s digital asset arm, SG-FORGE. It is fully backed by euro cash deposits or high-quality securities and is compliant with the European Union’s crypto asset market framework.
According to CoinGecko data, EUR CoinVertible has a circulation of approximately 65.8 million euros, making it the third largest euro stablecoin by market value.
SG FORGE said this introduction strengthens the company’s commitment to providing compliant crypto assets that prioritize transparency, security and scalability across multiple networks.
Kathy Craddock, Ripple’s managing director for the UK and Europe, said the bank is a pioneer in European institutions building crypto asset infrastructure for its customers, adding that Ripple’s technology meets high operational and security standards.
Jean-Marc Stenger, CEO of SG FORGE, said the launch of XRPL is another step in expanding the scope of its portfolio of digital asset solutions and advancing next-generation compliant crypto products.
