“The launch of EUR Coinvertible on the XRPL is being supported by Ripple’s custody solution.”
It added: “There will also be an opportunity to explore new use cases, including incorporating EUR Coinvertible into Ripple’s products and leveraging it as trading collateral.”
Cassie Craddock, Managing Director for UK and Europe at Ripple, remarked: “Societe Generale-FORGE has long been a pioneer amongst European institutions when it comes to building out a market-leading crypto-assets offering for their customers.” She noted:
“Ripple is proud to have played a part in this journey as a long-standing digital assets infrastructure provider to SG-FORGE, providing proven and trusted technology that meets the highest security and operational standards.”
FAQ ⏰ What is EUR Coinvertible? EUR Coinvertible is a euro-backed stablecoin issued by Societe Generale-FORGE for compliant institutional digital asset use. Why did SG-FORGE launch EUR Coinvertible on the XRP Ledger? The move supports its multi-chain strategy while leveraging XRPL’s scalability, speed, and low transaction costs. How is Ripple involved in the EUR Coinvertible launch? Ripple provides custody infrastructure and may integrate EUR Coinvertible into its products as trading collateral. Which blockchains support EUR Coinvertible? EUR Coinvertible is deployed on the XRP Ledger, Ethereum, and Solana.
