TechFlow News: On February 19, according to Cointelegraph, Société Générale’s digital asset arm, SG-FORGE, has expanded its euro-pegged stablecoin EUR CoinVertible (EURCV) to the XRP Ledger—marking the token’s third blockchain deployment following Ethereum and Solana. The expansion leverages Ripple’s custodial infrastructure and may integrate EURCV into Ripple’s products as collateral for trading. EURCV is fully backed 1:1 by bank cash deposits or high-quality securities. With a current circulating supply of approximately 70.51 million tokens, EURCV aims to enhance institutional access to euro-backed digital assets and comply with the EU’s Markets in Crypto-Assets (MiCA) regulation. This move follows SWIFT’s pilot testing of EURCV for tokenized bond exchange and settlement, advancing euro-denominated stablecoins to counter U.S. dollar dominance.
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