One of France’s largest banking institutions, Société Générale, is launching a euro-denominated stablecoin, EUR Coinvertible, on the XRP Ledger (XRPL) through its digital asset subsidiary, SG FORGE.
It is the first time a major European banking institution has selected XRPL as the primary blockchain for a regulated stablecoin deployment.
SG-FORGE, which previously launched the EUR CoinVertible (EURCV) stablecoin on Ethereum in 2023, is now expanding to XRPL.
Cassie Craddock, Managing Director, UK & Europe, Ripple said, “Societe Generale-FORGE has long been a pioneer amongst European institutions when it comes to building out a market-leading crypto-assets offering for their customers.”
In addition, there is a growing trend of major institutions moving on-chain.
Can this be a major validation of XRPL’s enterprise-grade infrastructure? It certainly extends Ripple’s growing partnerships with traditional financial institutions.
Great news for the XRP Ledger 📒
🌊 Ripple’s Luke Judges confirmed the issuer account: rUNaS5sqRuxZz6V7rBGhoSaZiVYA3ut4UL
Societe Generale-Forge has officially launched its MiCA-compliant EURCV stablecoin on the XRP Ledger.
A top-10 European bank with $1.8T AUM choosing XRPL… https://t.co/nXcPUULqfO pic.twitter.com/HLRJL1iVGm
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) February 18, 2026
The move also aligns perfectly with Ripple’s institutional settlement strategy. It focuses on providing the plumbing for banks to move value globally without the friction of the legacy financial system. It signals that high-speed, low-cost networks are becoming essential for modern finance.
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Ripple’s Strategy To Position XRPL As “Infrastructure Of Choice For Regulated Financial Institutions Entering Digital Asset Space”
Jean-Marc Stenger, CEO of SG-FORGE, emphasized the strategic importance of this expansion.
The successful launch of EUR Coinvertible on the XRP Ledger is a new step, reinforcing our commitment to offering next-generation, compliant crypto-assets that promote transparency, security, and scalability.
Meanwhile, Ripple executives have called this a “huge win for the ecosystem.” Ripple has been actively courting traditional finance players, particularly in the wake of regulatory clarity initiatives in multiple jurisdictions.
The XRP Ledger can process transactions in 3-5 seconds with fees typically under $0.01, making it attractive for institutional payment applications.
The partnership aligns with Ripple’s broader strategy to position XRPL as the infrastructure of choice for regulated financial institutions entering the digital asset space.
This integration allows the bank to explore new use cases, such as using the stablecoin for trading collateral. It also mirrors similar regulatory wins in the sector, such as the recent approvals for Stripe’s crypto bridge, showcasing how compliance is opening doors for big players.
However, it is worth noting that while the infrastructure is being built, volume for tokenized assets on XRPL has had to catch up to other chains. This launch could be the catalyst needed to boost liquidity.
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