Ripple
November 18, 2024
Ripple Unicorn News - November 18, 2024
Societe Generale plans to introduce its Euro-backed stablecoin, EUR CoinVertible, on Ripple's XRP Ledger in 2025. This move aligns with regulatory compliance and enhances Ripple's enterprise offerings, impacting XRP's market performance.
() Introduction
() Societe Generale Picks Ripple To Launch Euro-Backed Stablecoin
Societe Generale plans to launch its Euro-backed stablecoin, EUR CoinVertible, on Ripple's XRP Ledger in 2025, marking a significant step in integrating digital assets with traditional banking. Designed to align with stringent European regulatory standards, this stablecoin will bolster Ripple's enterprise-grade offerings, providing a robust solution for cross-border payments and liquidity management. The collaboration highlights the growing institutional adoption of Ripple's blockchain technology and could positively influence XRP's market performance, solidifying its role as a preferred network for compliant, scalable digital asset solutions.
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