French Banking Giant Société Générale Launches Euro Stablecoin to XRPL Network

• The euro stablecoin was launched through Société Générale’s crypto arm, SG-FORGE.
• XRP Ledger is the third blockchain for EURCV after Ethereum in 2023 and Solana in 2024.
• EURCV is fully backed 1:1 by bank cash deposits or high-quality securities.

French banking giant Société Générale has launched its euro stablecoin, EURCV on February 18th and is now available on the XRP Ledger. The euro stablecoin was launched through Société Générale’s crypto arm, SG-FORGE, representing a big move for regulated crypto in mainstream finance. It’s now live on the XRP Ledger, which is the third blockchain for EURCV after Ethereum in 2023 and Solana in 2024.

The decision to integrate with XRPL was likely driven by Société Générale’s focus on institutional-grade infrastructure. According to SG-FORGE, XRPL was selected for its network’s speed, low fees, fast settlements, and the fact that Ripple’s custody tools offer the security and compliance features that banks need.

EURCV is fully backed 1:1 by bank cash deposits or high-quality securities, and it’s built to comply with the EU’s Markets in Crypto-Assets (MiCA) regulation. This makes it one of the first euro stablecoins to fully align with the region’s new legal framework.

The stablecoin also works with SWIFT systems, making it easier for traditional banks to integrate and for financial institutions to adopt it.

EURCV is set to be used as trading collateral, for settling deals, and for moving money across borders. especially in the world of tokenized assets. It’s already been tested in SWIFT experiments with tokenized bonds, showing it could play a real role in mainstream finance. As of this month, about 70.5 million EURCV tokens are in circulation.

Related: Ripple, UC Berkeley Launch Blockchain Accelerator Focused on XRP Ledger Projects

XRPL’s Evolution as a Regulated Financial Layer

XRPL recently launched a “Permissioned DEX” for regulated participants, boosting its appeal as a secure, rule-friendly platform for tokenized assets.

Additionally, XRPL is quickly becoming the go-to network for tokenized money and digital assets. A key driver has been the rollout of Ripple’s RLUSD stablecoin on both XRPL and Ethereum, plus new partnerships with banks in the Middle East, like the UAE’s Zand Bank. 

These moves make it easier to handle tokenized deposits and process international payments, demonstrating how stablecoins are turning into essential building blocks for finance on XRPL.

In the end, Societe Generale’s announcement points to XRPL’s growing role as a trusted financial layer and shows how traditional banks and blockchain networks are working more closely together. It also strengthens Europe’s position in the regulated stablecoin space, particularly as MiCA rolls out clearer rules for mainstream crypto adoption.

Related: The EU Has a $5 Trillion Problem That Ripple’s XRPL Could Help Fix