Three Major European Banks Officially Join XRP Ledger, Integrate Euro Stablecoin

▲ XRP (XRP) / ChatGPT-generated image

EUR Coinvertible (EURCV), a euro-pegged stablecoin issued by European financial giant Societe Generale-FORGE, has officially launched on the XRP Ledger (XRPL), marking a new phase in the integration of traditional finance and the blockchain ecosystem.

According to The Crypto Basic on February 18 (local time), the collaboration represents a rare case of a stablecoin issued by a major bank being directly integrated into a public blockchain, and is expected to enhance the institutional credibility of the digital asset market. With its high throughput and low transaction fees, the XRP Ledger provides an optimal environment for global institutions to settle and transfer euro-denominated assets on-chain in real time.

Societe Generale-FORGE fully complies with Europe’s Markets in Crypto-Assets (MiCA) regulation, ensuring transparency and security of assets. Combined with the XRP Ledger’s robust liquidity features, EURCV is poised to offer an innovative alternative in cross-border payments and liquidity management. Ripple emphasized that this integration once again demonstrates the XRP Ledger’s unique position as an enterprise-grade blockchain solution.

Market experts analyze that the participation of a major financial institution in the XRP Ledger goes beyond simple technological adoption and represents a step toward digital assets becoming core components of mainstream financial architecture. In particular, the choice by Societe Generale, a symbolic presence in European finance, is interpreted as a strong signal proving XRP’s practical utility. As regulated financial assets circulate through the XRP Ledger, explosive growth of the related ecosystem is anticipated.

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