SocGen Expands Euro Stablecoin to XRP Ledger
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Société Générale's digital asset arm, FORGE, has deployed its EUR CoinVertible stablecoin on the XRP Ledger, marking its third public blockchain integration after Ethereum and Solana. This strategic multi-chain expansion demonstrates institutional confidence in diversifying blockchain infrastructure for regulated digital assets, potentially enhancing interoperability and liquidity across ecosystems.
The move signals growing institutional adoption of public blockchains beyond Ethereum, with XRP Ledger's low-cost, high-speed transaction capabilities offering a compelling alternative for euro-denominated settlements. This development could accelerate enterprise adoption of digital assets in Europe while reinforcing the trend of traditional finance embracing blockchain technology for real-world financial applications.
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