French firm SG-FORGE to launch stablecoin on XRP ledger

Societe Generale-FORGE is preparing to launch its euro-pegged stablecoin EURCV on the XRP Ledger in 2025.

The launch on XRPL marks SG-FORGE’s latest expansion to its multi-chain approach, following previous deployments on Ethereum (ETH) and Solana (SOL).

By switching to XRPL, SG-FORGE hopes to use XRP’s (XRP) low-cost, high-speed infrastructure to encourage broader adoption of the digital currency in cross-border payments.

SG-FORGE, a subsidiary of French banking giant Societe Generale, 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 the stablecoin complies with European regulatory guidelines, particularly on transparency, consumer protection and market integrity.

SG-FORGE is at the forefront of integrating digital assets into the financial ecosystem by focusing on providing compatible, enterprise-grade, interoperable products across multiple blockchain networks.

Since its founding, SG-FORGE has launched a variety of digital products specifically designed to meet European regulatory requirements under MiCA.

Stablecoins like EURCV are digital currencies that are tied to traditional assets (mostly fiat currencies like the euro) to help maintain a stable value. Unlike highly volatile cryptocurrencies like Bitcoin (BTC), stablecoins provide a predictable and less risky trading environment.

Since its inception in 2012, XRPL has processed more than 2.8 billion transactions and supported more than 5 million active wallets.

SG-FORGE Chief Revenue Officer Guillaume Chatain sees XRPL as a strategic platform for EURCV. The speed and cost efficiency of the ledger are aligned with SG-FORGE’s vision for the next generation of digital assets.

“Our decision to launch this stablecoin on XRPL stemmed from our desire to deliver compatible, efficient and secure digital assets that meet institutional needs. “This is just the beginning.”

Guillaume Chatain

This integration, scheduled to launch in 2025, is part of SG-FORGE’s ongoing blockchain initiatives to establish EURCV as a trusted stablecoin for corporate finance.