By crypto.news | Created at 2024-11-14 15:44:37 | Updated at 2024-11-22 08:15:43
1 week ago
Societe Generale-FORGE is set to launch its euro-pegged stablecoin, EURCV, on the XRP Ledger in 2025.
The launch on XRPL marks SG-FORGE’s latest expansion in their multi-chain approach, following earlier deployments on Ethereum (ETH) and Solana (SOL).
By moving onto the XRPL, SG-FORGE hopes to use XRP’s (XRP) low-cost, high-speed infrastructure to promote broader adoption of its digital currency in cross-border payments.
A subsidiary of the French banking giant Societe Generale, SG-FORGE is a digital asset arm dedicated to developing blockchain-based solutions for traditional finance.
Stablecoin integration with MiCA
SG-FORGE’s EURCV is designed to meet MiCA standards, ensuring that the stablecoin aligns with European regulatory guidelines, particularly around transparency, consumer protection, and market integrity.
SG-FORGE has been at the forefront of integrating digital assets into the financial ecosystem, focusing on providing compliant, institutional-grade, interoperable products across multiple blockchain networks.
Since its founding, SG-FORGE has introduced several digital products designed to meet Europe’s regulatory requirements, particularly under MiCA.
Stablecoins like EURCV are digital currencies tied to traditional assets — often fiat currencies like the euro — to help maintain a stable value. Unlike highly volatile cryptocurrencies such as Bitcoin (BTC), stablecoins provide a predictable and less risky transaction medium.
Since its inception in 2012, XRPL has processed more than 2.8 billion transactions and supported over 5 million active wallets.
Guillaume Chatain, Chief Revenue Officer at SG-FORGE, views the XRPL as a strategic platform for EURCV. The ledger’s speed and cost-efficiency align with SG-FORGE’s vision for next-generation digital assets.
“Our decision to launch this stablecoin on XRPL was driven by our desire to offer compliant, efficient, and secure digital assets that meet institutional needs. This is just the beginning”
Guillaume Chatain
Scheduled to launch in 2025, this integration is part of SG-FORGE’s ongoing blockchain initiatives to establish EURCV as a reliable stablecoin for institutional finance.
