SocGen taps XRP Ledger for euro stablecoin distribution

Tech Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email SocGen taps XRP Ledger for euro stablecoin distribution The French banking giant expands its euro stablecoin to a third blockchain, deepening institutional use of XRPL for compliant digital assets and onchain settlement By Shaurya Malwa | Edited by Stephen Alpher Updated Feb 19, 2026, 1:30 p.m. Published Feb 19, 2026, 1:19 p.m. Make us preferred on Google What to know : Societe Generale’s digital assets unit has launched its euro stablecoin, EUR CoinVertible, on the XRP Ledger, expanding beyond its existing integrations on Ethereum and Solana. EUR CoinVertible is issued under French digital asset regulations, backed one-to-one by cash or high-quality securities, and has a circulating supply of about €65.8 million, making it one of the larger euro stablecoins after Circle’s EURC. SG-FORGE cited the XRP Ledger’s low costs and fast settlement and will use Ripple’s custody infrastructure, bolstering XRPL’s bid to be a compliant platform for tokenized finance as it rolls out features like a permissioned DEX for regulated institutions. Societe Generale’s digital assets arm SG-FORGE has deployed its euro stablecoin , EUR CoinVertible, on the XRP Ledger, expanding beyond its existing integrations on Ethereum and Solana as competition heats up in Europe’s regulated stablecoin race. EUR CoinVertible is issued under French digital asset rules and is backed 1 to 1 by cash deposits or high-quality securities. It has a circulating supply of roughly 65.8 million euros, per CoinGecko , making it one of the larger euro stablecoins in the market behind Circle’s EURC. STORY CONTINUES BELOW Don't miss another story. Subscribe to the The Protocol Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . SG-FORGE said it chose the XRP Ledger for its low transaction costs and fast settlement, while Ripple’s custody infrastructure will be used to support the rollout. The stablecoin could eventually be explored as collateral for trading or integrated into Ripple’s payment-related products. For XRPL, the listing is another institutional credibility win as the network positions itself as a compliant venue for tokenized finance. The launch lands just as XRPL validators have been voting on new upgrades such as Permissioned DEX , a feature meant to allow controlled trading environments where only approved participants can interact, a requirement for many regulated firms. The stablecoin push also comes as blockchains compete to host tokenized deposits, bonds and settlement assets. For XRP itself, the news is more structural than price-driving, but it adds to the narrative that XRPL is trying to be more than a payments chain. More For You Zoomex: Precise Systems of Fairness and Transparency by Design By CoinDesk Jan 31, 2026 Commissioned by Zoomex Read full story More For You Sam Altman's OpenAI unveils ‘EVMbench’ to test whether AI can keep crypto’s smart contracts safe By Margaux Nijkerk , AI Boost | Edited by Aoyon Ashraf 18 hours ago Developed with Paradigm, the tool is OpenAI’s attempt to determine whether modern AI systems are up to the task of helping prevent smart contract issues. What to know : OpenAI is stepping deeper into crypto security with the launch of EVMbench, a new testing framework designed to measure how well artificial intelligence can understand and potentially secure smart contracts on blockchains. Smart contracts are typically immutable once deployed, and vulnerabilities can be serious. EVMbench is OpenAI’s attempt to see whether modern AI systems are up to the task of helping prevent such issues. Read full story Latest Crypto News Figure is debuting its tokenized stock along with upsized $150 million offering 2 minutes ago Illicit networks accounted for $141 billion of the trillions of stablecoin volume in 2025 1 hour ago Crypto markets feel the chill, Base, ether.fi reorganize layer-2 landscape 1 hour ago Bitcoin, ether rise as altcoins lag in low-volatility trade 2 hours ago The bank of the future: 77% of stablecoin users say they’d open a wallet with their bank today 2 hours ago Ledn raises $188 million with first bitcoin backed bond sale in asset backed market 6 hours ago Top Stories Bitcoin, ether, xrp ETFs bleed while Solana bucks outflow trend 6 hours ago WLFI surges 10% after Apex stablecoin deal, outperforming BTC and ETH 10 hours ago Coinbase lets XRP, ADA and dogecoin holders borrow up to $100,000 without selling 8 hours ago Ether, XRP, Solana slide in crypto retreat despite tech-led lift in Asia stocks 6 hours ago Bitcoin is about to log its longest losing streak since 2022 as geopolitical nerves hit risk trades 7 hours ago