Ripple News: SocGen taps XRP-linked firm for expanding euro stablecoin

CoinDesk

by Shaurya Malwa

February 19, 2026

AI-Generated Deep Dive Summary

Societe Generale’s digital assets arm, SG-FORGE, has expanded its EUR CoinVertible euro stablecoin to the XRP Ledger, marking its integration into a third blockchain. This move follows its existing deployments on Ethereum and Solana, reflecting a strategic push to enhance institutional adoption of compliant digital assets. The decision to leverage the XRP Ledger was driven by its low transaction costs and rapid settlement capabilities, aligning with SG-FORGE’s focus on efficiency and regulatory compliance. The EUR CoinVertible stablecoin, issued under French digital asset regulations, is fully backed by cash deposits or high-quality securities, ensuring a 1:1 ratio. With a circulating supply of approximately 65.8 million euros, it ranks among the largest euro stablecoins in the market, trailing only behind Circle’s EURC. The integration with Ripple’s custody infrastructure underscores SG-FORGE’s commitment to seamless implementation and scalability. For the XRP Ledger, this partnership represents another significant milestone in its quest for institutional credibility. By hosting a major regulated stablecoin, XRPL positions itself as a compliant platform for tokenized finance, appealing to firms seeking secure and efficient digital asset solutions. The timing of this launch coincides with ongoing upgrades to the XRPL network, including the Permissioned DEX feature, which aims to facilitate controlled trading environments for approved participants—a critical requirement for regulated institutions. This development also highlights the growing competition among blockchains to host tokenized deposits, bonds, and settlement assets. While XRP itself may not see an immediate price impact from this news, it reinforces the narrative that XRPL is evolving beyond its traditional role as a payments-focused blockchain. As digital asset adoption continues to grow, such partnerships underscore the importance of interoperability, compliance, and innovation in the broader crypto ecosystem. For readers interested in crypto, this story underscores the strategic importance of blockchain infrastructure choices for financial institutions. The integration of EUR CoinVertible on XRP Ledger not only enhances SG-FORGE’s capabilities but also solidifies XRPL’s position as a viable platform for institutional-grade digital assets. This trend reflects broader industry shifts toward tokenization and decentralized finance (DeFi), where compliance and efficiency

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Originally published on CoinDesk on 2/19/2026