Société Générale launches its MiCA-compliant euro stablecoin, EURCV, on the XRP Ledger, marking a massive milestone for institutional RWA growth on Ripple.Société Générale launches its MiCA-compliant euro stablecoin, EURCV, on the XRP Ledger, marking a massive milestone for institutional RWA growth on Ripple.

XRP News Today: Société Générale Launches Euro Stablecoin on XRPL

2026/02/22 01:13
2 min read

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.

Quick Facts: The Institutional Surge on XRPL

  • Société Générale: Launched EURCV on XRPL via its digital arm, SG-FORGE, on February 18, 2026.
  • Multi-Chain Strategy: XRPL now hosts EURCV alongside Ethereum (2023) and Solana (2025).
  • Network Growth: XRPL reached #2 in 30-day Real-World Asset (RWA) growth at 15.37%, trailing only Arbitrum.
  • Institutional Backing: Deutsche Bank and Aviva Investors also announced XRPL-based integrations this month.

Why Société Générale Chose the XRP Ledger

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.

Deutsche Bank and Aviva Join the XRPL Ecosystem

The XRP news today follows a series of high-profile institutional announcements in February 2026.

  • Deutsche Bank: Revealed plans to integrate Ripple’s technology stack to modernize its cross-border payment rails and FX workflows.
  • Aviva Investors: Partnered with Ripple to tokenize traditional fund structures directly on the XRPL, marking Ripple’s first major deal with a UK-based asset manager.

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.

XRP Price Prediction and Market Reaction

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.

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