Société Générale Forge has launched its euro-backed stablecoin, EUR CoinVertible, on the XRP Ledger, enhancing its multi-chain strategy. This follows previous deployments on Ethereum and Solana, underscoring the firm's commitment to compliant crypto-assets across multiple Layer-1 networks. Ripple supports the launch with institutional-grade custody and infrastructure services. The integration with XRP Ledger aims to leverage its high-performance infrastructure, offering enhanced scalability, lower transaction costs, and a secure decentralized architecture. SG-FORGE plans to explore new use cases, including potential integration into Ripple’s product suite and use as trading collateral. This move highlights the growing interest of large institutions in regulated stablecoins, facilitating their use in trading, payments, and collateral across various blockchains.