Cassie Craddock, #Ripple Managing Director for the UK and Europe, confirmed that a Euro-backed stablecoin will be launched on the #XRP Ledger.
She made this announcement during Paris Blockchain Week 2025. The stablecoin will be issued by SocGen Forge, a digital assets division of the large French bank Société Générale.
Ripple and SocGen Forge first worked together on custody solutions—how digital assets are stored securely. Now, they are expanding into the creation of stablecoins.
Craddock said, “We initially partnered with SocGen Forge around custody, and now more broadly on the issuance of its Euro-CV stablecoin on the XRP Ledger.” This is a significant move for Ripple, positioning the $XRP Ledger (XRPL) strongly alongside other blockchain platforms like Ethereum when it comes to regulated stablecoins.
This also follows the earlier launch of Ripple's own stablecoin, RLUSD, strengthening the role of XRPL in the global financial system.
Ripple is building a complete financial infrastructure using blockchain, offering tools for payments, asset custody, and tokenization. Craddock explained that custody solutions are the “gateway” to everything else in digital assets. “You need to get your custody right, and it needs to be bank-grade,” she emphasized.
That’s why Ripple acquired custody technology in 2023—to support banks and institutions looking to tokenize assets like money market funds. Craddock also highlighted that the MiCA regulation in the EU is encouraging more institutions to explore cryptocurrencies. The rules give companies the confidence to operate legally and safely in the blockchain space. “MiCA is helping institutions dive into the blockchain and digital assets space with confidence,” she said.
As a result, Ripple is seeing increasing demand for its services from banks and players in traditional finance. Ripple believes that with the right tools and clear regulations, Europe can become a global leader in digital finance—and Ripple wants to help drive this transformation.
Ripple is serious; they are gradually laying the groundwork to dominate everything. Don’t forget to have this coin in your portfolio, or you might regret it later.
