Societe Generale’s EUR CoinVertible Strolls into XRPL, Leaving Ethereum Jealous

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In a move that would make even Bland most distinguished, Societe Generale’s digital-asset arm, SG-FORGE, has launched its euro stablecoin, EUR CoinVertible, upon the hallowed grounds of the XRP Ledger. One might imagine the blockchain world gasping in collective surprise, much like a society matron discovering a penguin at a garden party. This bold venture extends a deployment already gracing Ethereum and Solana, as if the XRPL ecosystem were merely another fashionable address to add to one’s calling card.

Cassie Craddock, Ripple’s UK & Europe managing director, waxed lyrical about the go-live in a post that would make Jeeves proud of its institutional gravitas. “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 declared, her prose as polished as a freshly shined monocle. One suspects she might have sipped Darjeeling while penning it, to maintain the proper air of sophistication.

XRP Ledger Lands Major TradFi Win

In a February 18, 2026 press release that would have made Oscar Wilde raise an eyebrow, SG-FORGE described the XRPL integration as part of a “multi-chain deployment strategy,” a plan so audacious it would make Bertie Wooster reconsider his latest escapade. The ledger was positioned alongside Ethereum and Solana, as if blockchain were a horse race and these chains were the thoroughbreds of the field. The firm claimed the move would “increase adoption” by leveraging XRPL’s scalability, speed, and low costs-qualities one might also associate with a well-timed escape from a compromising situation.

That line, however, is the cat’s pyjamas. It clarifies the target audience: not the fickle retail “stablecoin tourists,” but institutions who crave predictable settlement characteristics and operational risk like a gentleman craves a stiff drink after a long day of bridge. In parallel social media musings, SG-FORGE framed the choice in terms of infrastructure, performance, and architecture, as if discussing the merits of a new umbrella rather than a revolution in finance.

Ripple’s involvement is no mere promotional fling, you understand. SG-FORGE declared the XRPL launch “supported by Ripple’s custody solution,” a phrase that drips with the confidence of a man who has never once misplaced a top hat. The firm also hinted at follow-on paths tailored for professional trading and treasury workflows-such as potential integration into Ripple’s product suite and using EUR CoinVertible as trading collateral. One imagines a future where this stablecoin is as indispensable to treasurers as a pocket square is to a dandy.

Craddock echoed this institutional positioning in the release, describing SG-FORGE as “a pioneer… market-leading crypto-assets offering.” She added: “Ripple is proud to have played a part… providing proven and trusted technology.” One might say she spoke with the enthusiasm of a butler announcing the arrival of a rare Bordeaux, though perhaps with slightly fewer syllables.

Ripple staff also took the moment to underline how these launches tend to unfold in practice. One employee, Luke Judges, wrote that the partnership is real and added: “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 as dry as a martini and twice as pointed, suggesting that banks, like aristocrats, march to the beat of their own gilded drum.

For SG-FORGE, the XRPL rollout reads like a delivered roadmap item. Back in November 2024, the firm publicly signaled its intent to deploy its MiCA-aligned euro stablecoin on XRPL, a promise as binding as a gentleman’s word. The language in today’s announcement closely mirrors those earlier declarations, proving that consistency is the hobgoblin of small minds-or perhaps a virtue in the world of regulated finance.

Jean-Marc Stenger, CEO of SG-FORGE, framed the XRPL go-live as a continuation of that regulated product push. “The successful launch of EUR CoinVertible on the XRP Ledger is a new step. We look forward to further innovation and expanding the reach,” he said, his words as smooth as a well-aged cigar. One suspects he said it while adjusting his cufflinks, for what is a CEO without a touch of sartorial flair?

At press time, XRP traded at $1.42, a figure that would make neither a peacock nor a parrot blink. The market, ever the stoic, continued its dance while the rest of us clapped politely.

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2026-02-19 16:22