Societe Generale Forgeur Expands Euro Stablecoin Use with XRP Ledger Integration

Major French banking institution Societe Generale (SocGen) is advancing its digital asset strategy by utilizing the XRP Ledger (XRPL) for the distribution of its euro-pegged stablecoin, EUR CoinVertible (EURCV). This move, executed through its dedicated digital asset subsidiary, Societe Generale – Forge, signifies a strategic adoption of blockchain technology for institutional-grade financial products. The integration leverages the XRPL's capabilities for efficient and secure transaction settlement. This development highlights growing institutional confidence in both stablecoin utility and the XRP Ledger's infrastructure for real-world financial applications, potentially enhancing liquidity and interoperability in the digital asset space.