Societe Generale expands MiCA-ready xrpl stablecoin reach with EUR CoinVertible launch

Societe Generale has extended its digital euro ambitions with an xrpl stablecoin move that embeds bank-grade compliance into a major public blockchain.

Societe Generale brings EUR CoinVertible to XRP Ledger

The digital-asset arm of Societe Generale, SG-FORGE, has deployed its euro stablecoin EUR CoinVertible on the XRP Ledger, adding to existing implementations on Ethereum and Solana. The rollout, disclosed in a February 18, 2026 press statement, marks another bank issued stablecoins entry into the XRPL ecosystem with a clear institutional and regulatory focus.

In the release, SG-FORGE presented the XRP Ledger integration as part of a broader multi chain deployment strategy, explicitly listing it alongside Ethereum and Solana rather than treating it as an isolated pilot. Moreover, the firm said it expects the decision to “increase adoption” by leveraging XRPL performance characteristics such as scalability, transaction speed, and low fees on what it described as a “secure and decentralized Layer 1 blockchain.”

Institutional focus and infrastructure narrative

That “Layer 1” description signals the intended audience: institutions prioritizing predictable settlement and operational risk controls rather than speculative retail flows. However, SG-FORGE’s parallel social media messaging leaned further into infrastructure language, emphasizing performance, cost profile, and network architecture while downplaying community culture or token-centric narratives.

Cassie Craddock, Ripple‘s managing director for UK & Europe, highlighted the institutional framing as she celebrated the go-live. “Delighted that EUR CoinVertible is live on the XRP Ledger! A win for the ecosystem. Proud to have Ripple’s custody tech powering this milestone,” she wrote, underscoring how a societe generale stablecoin may bolster perceptions of XRPL in traditional finance.

Ripple custody and trading use cases

Ripple’s role goes beyond branding support. SG-FORGE stated that the launch on XRPL is “supported by Ripple’s custody solution,” confirming a technical integration with the company’s infrastructure. Moreover, the bank identified next steps that appear tailored to professional users, including potential inclusion of EUR CoinVertible in Ripple‘s product suite and using the asset as collateral in trading workflows.

A Ripple employee, Luke Judges, reinforced the depth of the partnership in public comments. He pointed out that “a top 10 European bank with $1.8TN in assets does not follow XRP ledger community norms or niceties and has their own compliance reqs & timescale for announcements,” a statement that underlines the stringent governance and disclosure standards around the stablecoin societe generale product.

Regulation, MiCA alignment and roadmap delivery

For SG-FORGE, the deployment also reflects a longer-term, regulation-first strategy. Back in November 2024, the firm publicly stated its intention to bring its MiCA compliant stablecoin to the XRP Ledger as part of a plan to expand usage across institutional channels. That earlier signal aligns closely with the rationale highlighted in the latest announcement, indicating that the launch was a planned roadmap milestone rather than a tactical experiment.

Jean-Marc Stenger, CEO of SG-FORGE, framed the move as the next step in that regulated product journey. “The successful euro coinvertible launch on the XRP Ledger is a new step. We look forward to further innovation and expanding the reach,” he said, suggesting future integrations and use cases as the xrp ledger adoption story matures around compliant, euro-denominated instruments.

Market backdrop for XRP

The integration arrives as the broader XRPL stablecoin narrative continues to evolve, with banks and fintechs exploring tokenized cash instruments under Europe’s fast-approaching MiCA deadlines. At the time of the announcement, XRP changed hands at $1.42, offering a snapshot of market conditions as Societe Generale‘s digital euro joined the network.

Overall, the EUR CoinVertible expansion to XRPL deepens the link between regulated European banking and public blockchain rails, while reinforcing Ripple’s role in custody and institutional connectivity.