🚀 Euro-Backed Stablecoin to Launch on XRP Ledger: A New Chapter for Ripple 🌍
Ripple’s Managing Director for the UK and Europe, Cassie Craddock, has announced a groundbreaking development at Paris Blockchain Week 2025: a Euro-backed stablecoin will be issued on the XRP Ledger (XRPL). This stablecoin, created in collaboration with SocGen Forge—the digital assets division of Société Générale—marks a new milestone in Ripple’s growing involvement in the global financial ecosystem.
This partnership is not the first for Ripple and SocGen Forge, who initially worked together on custody solutions, ensuring secure storage for digital assets. Now, the two entities are taking their collaboration a step further by issuing the Euro-CV stablecoin, which will operate on the XRPL. This move places XRP Ledger in a strong competitive position against other blockchain platforms, such as Ethereum, particularly in the regulated stablecoin space. The launch follows Ripple's own stablecoin, RLUSD, reinforcing XRPL's significance in the future of digital finance.
Ripple’s strategy goes beyond stablecoin issuance; it’s building a comprehensive financial infrastructure on the blockchain. The company offers a suite of tools for payments, asset tokenization, and custody solutions—considered the “gateway” to all digital assets. Craddock emphasized the importance of bank-grade custody technology, which Ripple acquired in 2023, to support financial institutions in tokenizing various assets.
With the EU’s MiCA regulations fostering a secure and confident environment for crypto ventures, Ripple is witnessing a growing demand for its services from banks and financial institutions.
The company believes that with clear regulations and the right infrastructure, Europe has the potential to lead in the digital finance space, and Ripple is ready to drive that transformation.
