XRPL Gains SocGen Euro Stablecoin as Bank Extends Multi Chain Deployment

TL;DR

• SocGen deployed EUR CoinVertible on XRPL after earlier launches on Ethereum and Solana.

• The stablecoin is issued under French rules and backed by cash or high-grade securities.

• XRPL was chosen for low costs, fast settlement and Ripple’s custody infrastructure.

• The multi-chain strategy expands regulated stablecoin access across public networks.

Société Générale has deployed its euro stablecoin on the XRP Ledger as part of its continued blockchain expansion. The French bank had already launched the stablecoin on Ethereum and Solana. The move extends its presence across three public networks.

The euro stablecoin, known as EUR CoinVertible, is issued under French digital asset rules. It is backed one to one by cash deposits or high-quality securities. CoinGecko data shows a circulating supply near €65.8 million, placing it among the larger euro stablecoins in Europe. Circle’s EURC remains the biggest euro stablecoin.

SG-FORGE, the bank’s digital assets unit, said XRPL offered low transaction costs and fast settlement. The rollout will use Ripple’s custody infrastructure. The unit also said the stablecoin may be explored as collateral or used in payment products as the network develops.

A Multi-Chain Strategy to Boost Access

Société Générale’s approach reflects a broader shift among banks that want stablecoins on several networks. Ethereum has long served as a base layer for institutional tokenization. Solana is known for high throughput and speed. XRPL is widely used for payment systems and cross-border flows.

By using all three networks, the bank reduces reliance on a single system. The strategy also broadens access for developers and companies that operate in different blockchain environments. Market observers say this model may guide other European banks studying tokenized finance.

The expansion arrives as public chains compete for institutional settlement activity. Each network aims to attract regulated products that require dependable fees and predictable settlement behavior. EUR CoinVertible may support that effort on XRPL as adoption grows.

XRPL Strengthens Its Institutional Position

The launch gives the XRP Ledger another use case tied to traditional finance. XRPL has positioned itself as a public network built for fast settlement and low fees. Those features appeal to institutions that work with payments and liquidity.

The arrival of a regulated euro stablecoin may support future onchain settlement experiments across Europe. The move also comes as XRPL validators vote on upgrades that include a Permissioned DEX. This feature aims to support controlled trading environments where approved users may transact.

Ripple has continued to develop enterprise tools, and the partnership with SG-FORGE expands the network’s utility. Stablecoin access may increase liquidity across XRPL applications as developers test new use cases. While the news does not directly influence XRP’s price, it expands the network’s structural foundation.

Growing Adoption Across the European Blockchain Landscape

Europe has become a key region for regulated digital asset development. Policymakers are advancing clear rules for stablecoins, tokenized deposits and digital bonds. This has encouraged banks to test blockchain systems while staying aligned with compliance frameworks.

Société Générale has a long history of blockchain experimentation. The bank has issued digital bonds, tested tokenized assets and built internal settlement systems. The expansion of its euro stablecoin across public networks suggests steady interest in open blockchain rails.

Market participants will observe how much activity EUR CoinVertible gains on XRPL. Adoption metrics may guide future decisions by other institutions. The stablecoin’s presence across three chains shows how banks are preparing for a multi-network future in digital finance.

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