Société Générale Expands Euro Stablecoin to Multiple Blockchains

Société Générale, a European banking giant, has taken another step in its digital assets journey by launching its euro stablecoin, EUR CoinVertible (EURCV), on the XRP Ledger.

The move is part of a multi-chain expansion strategy aimed at increasing adoption of the stablecoin. The XRPL's scalability and low cost make it an attractive choice for this purpose.

The EURCV has already been launched on Ethereum and Solana, with support from Ripple's custody solution. The addition of the XRP Ledger brings the total number of blockchains supporting the stablecoin to three.