'Huge Win for the Ecosystem': Ripple UK Director Cassie Craddock Applauds Société Générale EUR Stablecoin Launch on XRP Ledger

Cover image via youtu.be Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Ripple’s UK and Europe Managing Director Cassie Craddock has publicly welcomed the launch of Société Générale-FORGE’s euro-backed stablecoin on the XRP Ledger, calling it a milestone for institutional adoption in Europe. Advertisement In a statement following the deployment, Craddock said she was “delighted” that EUR CoinVertible is now live on XRPL, describing the move as a combination of institutional-grade compliance and the speed and cost efficiency associated with the network. She also confirmed that Ripple’s custody technology underpins the integration. EURCV on XRPL: Multichain strategy and on-chain liquidity data The issuer, Société Générale-FORGE, announced that EUR CoinVertible is now available on XRPL as part of a multichain strategy that already includes Ethereum and Solana. HOT Stories Morning Crypto Report: XRP Defends 200-Week Support, Altcoin Sell-Off Hits Five-Year Highs, Arthur Hayes Shares Two Scenarios for Bitcoin Amid 'AI Financial Crisis' Saylor: 'We Are in Crypto Winter' According to CEO Jean-Marc Stenger, the expansion reinforces the firm’s commitment to compliant, transparent digital asset infrastructure and opens the door to additional use cases, including trading collateral and potential product integrations. Advertisement Delighted that @SG_Forge EUR CoinVertible is officially live on the XRP Ledger! Bringing EUR CoinVertible to the XRPL is a huge win for the ecosystem, combining institutional-grade compliance with the speed and low costs the XRPL is known for. Proud to have @Ripple ’s custody… https://t.co/WwWlcDRMhm?from=article-links — Cassie Craddock (@CraddockCJ) February 18, 2026 Earlier this week, XRPL data showed rising use of Ripple USD in automated liquidity routing, with 477 auto-bridging events recorded in a single 24-hour window. The EUROP/RLUSD pair led activity, highlighting demand for euro-denominated stablecoin corridors. Approximately 15,000 XRP were used purely to facilitate exchange-rate liquidity, and 92% of trades on the ledger remained Token/XRP pairs, underscoring XRP’s role as the settlement layer. You Might Also Like Wed, 02/18/2026 - 13:31 New XRPL Development Tool Faces Critique Over Mainnet Feature Compatibility By Godfrey Benjamin Advertisement For European institutions operating under MiCA-aligned frameworks, the deployment signals increasing comfort with regulated on-chain euro liquidity. For Ripple , it strengthens positioning in custody and infrastructure rather than token issuance alone. #XRPL #Ripple News #XRP