Societe Generale-Forge (SG-Forge) has announced its intention to launch its euro-backed stablecoin, EURCV, on the XRP Ledger (XRPL) in 2025. This move follows successful deployments of EURCV on Ethereum and Solana, and underscores SG-Forge’s strategy of multi-chain expansion for its MiCA-compliant stablecoin. The integration will be powered by Ripple Custody.
The XRP Ledger’s speed, low transaction costs, and scalability were cited as key factors in the decision. The XRPL boasts a robust track record, having processed over 2.8 billion secured transactions since 2012 and supporting over 5 million active wallets. It has also hosted over 1,750 unique applications and exchanges.
“The XRP Ledger is the ideal platform to complement our existing deployments due to the combination of speed and cost-efficiency,” said Guillaume Chatain, Chief Revenue Officer at SG-Forge. “Our decision to launch this stablecoin on this blockchain was driven by our desire to offer next-generation, compliant digital assets that promote transparency, security, and scalability. This is just the beginning. We look forward to further innovation and expanding the reach of our portfolio of digital solutions.”
The move is expected to broaden the adoption of EURCV, leveraging the XRPL’s established infrastructure and user base. Ripple, a key player in the XRP Ledger ecosystem, expressed enthusiasm for the partnership.
“Bringing trusted, banking-grade stablecoins like EURCV onto the XRPL is critical to enabling institutional use cases, like payments, which is a core focus for Ripple,” explained Markus Infanger, SVP at RippleX. “Our payment solutions leverage stablecoins, XRP, and other digital assets to enable faster, more reliable, and cost-effective cross-border payments. Additionally, more credible assets on the XRPL drive greater trading volume, benefiting users, developers, and applications that want to tap into the power of blockchain technology.”
