SG-FORGE, part of Societe Generale, has announced plans to deploy the EURCV stablecoin on XRP Ledger in 2025. This move follows successful launches on Ethereum and Solana, aiming to provide a broad range of digital asset solutions.
SG-FORGE's Plans for EURCV on XRPL
Societe Generale-FORGE confirms its intentions to place the EURCV stablecoin on XRP Ledger. This step is part of the company's strategy to provide secure and scalable digital asset solutions. With Ripple Custody's support, EURCV will offer near-instant payments, high security, and cost-effective transactions.
Significance and Capabilities of XRPL
XRPL is a decentralized Layer 1 blockchain that has processed over 2.8 billion transactions since 2012, with over 5 million active wallets. XRPL technology aligns with SG-FORGE's mission by offering low-cost and secure digital asset solutions.
Project Participants' Comments
Guillaume Chatain, Chief Revenue Officer at SG-FORGE, noted that the move to XRP Ledger aligns with the company's multi-blockchain strategy. Markus Infanger, Senior Vice President of RippleX, added that bank-grade stablecoins like EURCV are vital for enterprise cases and enhance the XRPL ecosystem.
Deploying EURCV on XRP Ledger is a significant step in SG-FORGE's strategy of creating scalable and secure digital solutions, strengthening the ecosystem, and extending stablecoin use in the corporate sector.
