SocGen’s FORGE expands euro stablecoin to XRP Ledger in multi-chain push
The French banking group’s digital asset unit deploys EUR CoinVertible on a third public blockchain, alongside Ethereum and Solana.
French banking group Societe Generale’s digital asset arm, SG-FORGE, has deployed its euro-denominated stablecoin, EUR CoinVertible, on the XRP Ledger, marking the token’s third blockchain launch after Ethereum and Solana.
According to Wednesday’s announcement, the rollout is supported by Ripple’s custody infrastructure and could enable integration into Ripple products, including use as trading collateral. SG-FORGE said the move expands institutional access to the euro-backed token across another public network.
The launch comes about a month after global banking network SWIFT tested SocGen’s euro-pegged stablecoin in a pilot of exchange and settlement of tokenized bonds in both fiat and digital currencies. SG-FORGE said EUR CoinVertible was the first MiCA-compliant digital asset designed to integrate directly with SWIFT’s interoperability framework.