The $XRP Ledger (XRPL) has secured a major institutional victory as Société Générale, the 6th largest bank in Europe with $1.8 trillion in assets, officially deployed its euro stablecoin, EUR CoinVertible (EURCV), on the network. This move marks the third major blockchain for the MiCA-compliant token, following its earlier launches on Ethereum and Solana.
The deployment of EURCV on the XRP Ledger is not a simple experiment. As a systemically important financial institution, Société Générale requires high throughput and low-cost settlement. SG-FORGE cited the scalability and speed of the XRP Ledger as primary reasons for the integration.
Furthermore, the launch is supported by Ripple’s custody solution (formerly Metaco), which provides the bank with the security infrastructure needed to manage reserves and on-chain issuance. This partnership allows EURCV to potentially be utilized as trading collateral within Ripple’s payment products, bridging the gap between traditional finance (TradFi) and digital assets.
The XRP news today follows a series of high-profile institutional announcements in February 2026.
These developments have pushed the total value of tokenized assets on the XRP Ledger to approximately $1.5 billion. While the XRP price has faced headwinds in February—trading near the $1.40 support level amid a broader market correction—the fundamental utility of the network is at an all-time high.
Despite the bullish institutional news, the XRP price has remained under pressure, down roughly 30% for the month. Analysts at Standard Chartered suggest that while short-term retail demand has cooled, the long-term structural demand remains intact due to these RWA integrations.


