The French financial services firm Société Générale will roll out its euro stablecoin EURCV on the XRP Leder.

Key advantages of XRPL deployment:

• Natively designed to tokenize and transfer any type of asset: Tokenizing real-world assets on the XRPL can leverage its proven speed, low transaction fees and scalability to ensure seamless settlement and liquidity.
• Near instant settlement and speed: The XRPL processes transactions in 3-5 seconds. For a stablecoin, this provides a competitive advantage by enabling fast and frictionless cross-border payments, remittances and real-time banking services.
• Scalability and high throughput: The XRPL can handle up to 1,500 transactions per second (TPS), ensuring scalability for large-scale operations.
• Optimized for global payments: The XRPL’s design is tailored for cross-border payments, enabling fast, low-cost and efficient transactions across different currencies and regions.

.@SocieteGenerale-Forge has announced the launch of its EURCV stablecoin on the XRP Ledger in 2025.

With Ripple Custody powering the integration, EURCV will benefit from the near-instant settlement, low fees, scalability and security of the #XRPL.https://t.co/36vh7BGXxh

— RippleX (@RippleXDev) November 14, 2024