SG-FORGE Introduces EUR CoinVertible on the XRP Ledger
Innovative Euro Stablecoin Deployment on XRP Ledger
SG-FORGE, the digital asset division of Societe Generale, has unveiled its euro-backed stablecoin, EUR CoinVertible, on the XRP Ledger. This strategic move extends the stablecoin’s presence beyond its initial deployment on Ethereum and Solana, integrating yet another bank-issued, compliance-focused asset into the XRPL ecosystem.
Ripple’s Role in the Expansion
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Cassie Craddock, Ripple’s Managing Director for the UK and Europe, expressed her enthusiasm about the stablecoin’s launch on the XRP Ledger. She highlighted the significance of this development for the ecosystem, noting, “We are thrilled to see EUR CoinVertible live on the XRP Ledger, marking a significant milestone powered by Ripple’s secure custody technology.”
Significant Advancement for XRP Ledger
According to a press release dated February 18, 2026, SG-FORGE emphasized its “multi-chain deployment strategy,” specifically identifying the XRPL as a key player alongside Ethereum and Solana. The firm anticipates that this integration will boost adoption by leveraging XRPL’s scalability, speed, and cost-efficiency, all underpinned by a secure and decentralized Layer 1 blockchain.
This narrative underscores the focus on institutional users who prioritize consistent settlement features and operational risk management. SG-FORGE’s messaging on social platforms emphasized infrastructure, performance, cost, and architecture, steering clear of community or token-centric narratives.
Ripple’s Strategic Involvement
Ripple’s involvement extends beyond promotional efforts. SG-FORGE noted that the XRPL launch benefits from Ripple’s robust custody solutions, indicating potential integrations into Ripple’s product suite and utilizing EUR CoinVertible as trading collateral.
Craddock reiterated the institutional focus, describing SG-FORGE as a trailblazer in the crypto-assets domain. She stated, “Ripple is honored to contribute by providing reliable and trusted technology.”
Practical Partnerships and Future Outlook
Ripple team members highlighted the tangible nature of these collaborations. Luke Judges, a Ripple employee, emphasized that this partnership with a top-tier European bank, boasting $1.8 trillion in assets, operates under its own compliance requirements and announcement timelines, independent of XRPL community norms.
For SG-FORGE, the integration into the XRPL signifies the fruition of a previously announced roadmap goal. In November 2024, the firm had indicated its intention to launch its MiCA-compliant euro stablecoin on XRPL to foster broader adoption, aligning closely with the current announcement’s rationale.
Jean-Marc Stenger, CEO of SG-FORGE, positioned the XRPL launch as a progression of their regulated product initiative. “The successful deployment of EUR CoinVertible on the XRP Ledger marks a new chapter. We anticipate further innovation and expansion of our reach,” he stated.
XRP Market Insights
At the time of this announcement, XRP was trading at $1.42, maintaining its position above the 200-week Exponential Moving Average.
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