Today Societe Generale-FORGE (SG-FORGE) said it plans to launch its EURCV stablecoin on the XRP Ledger (XRPL) founded by Ripple. The company uses technology from Metaco for custody and Ripple acquired Metaco, so it’s now Ripple Custody. EURCV launched on Ethereum and already announced plans for Solana, so this will be the third blockchain. The launch is expected in 2025.
SG-FORGE cited the benefits of XRPL as speed, low transaction fees and scalability. However, there are other chains with similar features. It added that the blockchain is optimized for cross border payments.
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