Societe Generale’s digital assets unit has launched its euro stablecoin, EUR CoinVertible, on the XRP Ledger, expanding beyond its existing integrations on Ethereum and Solana. EUR CoinVertible is issued under French digital asset regulations, backed one-to-one by cash or high-quality securities, and has a circulating supply of about €65.8 million, making it one of the larger euro stablecoins after Circle’s EURC. SG-FORGE cited the XRP Ledger’s low costs and fast settlement, while Ripple’s custody infrastructure will be used to support the rollout.
The stablecoin could eventually be explored as collateral for trading or integrated into Ripple’s payment-related products. For XRPL, the listing is another institutional credibility win as the network positions itself as a compliant venue for tokenized finance.
The launch lands just as XRPL validators have been voting on new upgrades such as Permissioned DEX for regulated institutions, a feature meant to allow controlled trading environments where only approved participants can interact, a requirement for many regulated firms. The stablecoin push also comes as blockchains compete to host tokenized deposits, bonds and settlement assets.
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