SG-FORGE, a subsidiary of the French bank Societe Generale, announced the launch of its euro-pegged stablecoin EURCV on the XRP Ledger in 2025. This move is a part of their multi-chain approach to digital asset development.
Advantages of Using XRP Ledger
SG-FORGE chose XRPL for its low cost and high speed. Since its inception in 2012, XRPL has processed more than 2.8 billion transactions and supports over 5 million active wallets.
EURCV Stablecoin Compliance with MiCA Standards
EURCV is developed in accordance with the regulatory framework of MiCA, ensuring transparency, consumer protection, and market integrity. Stablecoins like EURCV are pegged to fiat assets to maintain stable value compared to more volatile cryptocurrencies.
Strategic Plans and Prospects
Scheduled for launch in 2025, this move is part of SG-FORGE’s blockchain initiatives to establish EURCV as a reliable stablecoin for institutional finance.
The launch of EURCV on the XRP Ledger platform represents a significant step in SG-FORGE’s digital asset development. Ensuring stability, compliance with European standards, and leveraging advanced blockchain technologies make this project promising in institutional finance.
