French banking giant Société Générale is pushing deeper into digital assets as its crypto arm SG-FORGE deploys its euro-denominated stablecoin, EUR CoinVertible, on the XRP Ledger. The move marks the token’s third blockchain expansion after launches on Ethereum and Solana. According to the announcement, the rollout is supported by Ripple’s custody infrastructure and could allow the asset to be integrated into Ripple’s product suite, including use as trading collateral.

EUR CoinVertible is backed 1:1 by bank cash deposits or high-quality securities, with roughly 70.5 million tokens currently in circulation. SG-FORGE says the multi-chain expansion is aimed at broadening institutional access to euro-backed digital assets across public networks. The launch signals a strategic effort to position a regulated European stablecoin within an ecosystem still largely dominated by US dollar-based tokens.