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XRP Ledger Sees Société Générale Launch First Euro Stablecoin
Yahoo Finance· 2026-02-22 22:30
Group 1: XRP and Société Générale Partnership - XRP has experienced a breakout from a six-year symmetrical triangle, with significant price levels established between $0.17 and $3.30, indicating a bullish trend if monthly closes remain above $0.9 [2] - Société Générale's SG-FORGE has become the first major European bank to deploy a euro stablecoin on the XRP Ledger, marking a significant milestone in the integration of traditional finance with digital assets [4] - The partnership with SG-FORGE will explore new use cases for EUR CoinVertible within Ripple's ecosystem, enhancing the utility of stablecoins in trading and collateral [3][4] Group 2: Market Dynamics and Investment Opportunities - XRP is currently testing critical support levels around $1.41, with a target price of $6 in play, suggesting potential for further price appreciation [4] - The demand zone created by the confluence of broken trendlines and horizontal support levels indicates a significant area for potential buying interest [1] - The overall market for decentralized energy infrastructure is projected to be substantial, with Paladin Power generating $185 million in contracted revenue and targeting a $500 billion global electrification market opportunity [20][21]
Société Générale Expands Euro Stablecoin to XRP Ledger: What a $1.8 Trillion Bank’s Multi-Chain Strategy Means for Ripple
Yahoo Finance· 2026-02-21 14:32
SG-FORGE CEO Jean-Marc Stenger framed the expansion as part of a broader multi-chain strategy: "The successful launch of EUR CoinVertible on the XRP Ledger constitutes a new step that reinforces our commitment to offering next-generation compliant crypto-assets, promoting transparency, security and scalability."The XRPL launch follows a SWIFT pilot conducted earlier in 2026, where EURCV was tested for the exchange and settlement of tokenized bonds alongside major banks including BNP Paribas and Intesa Sanpa ...
X @Cointelegraph
Cointelegraph· 2026-02-20 03:00
🗞️ Need to catch up on the news? Here's our top 10 from today:🔸 The White House took the lead in today's stablecoin meeting, with debate shifting from yield on idle balances to rewards for specific activities, per Eleanor Terrett.🔹 Nvidia nears finalization of $30B investment in OpenAI's new funding round, replacing the $100B commitment from last year per FT.🔸 President Trump says he's "turned around" the affordability crisis, stating "everything is down" after inheriting "high prices and high inflation."🔹 ...
X @Cointelegraph
Cointelegraph· 2026-02-19 14:33
🔥 BIG: $1T Société Générale has expanded its euro stablecoin EUR CoinVertible to the XRP Ledger. https://t.co/JXYTwleN77 ...
法国银行集团 Société Générale 将欧元稳定币 EUR CoinVertible 部署至 XRP Ledger
Xin Lang Cai Jing· 2026-02-19 02:29
Core Viewpoint - Société Générale's digital asset division SG-FORGE has launched its euro stablecoin EUR CoinVertible on the XRP Ledger, continuing its multi-chain deployment strategy [1] Group 1: Company Developments - SG-FORGE has previously deployed EUR CoinVertible on Ethereum and Solana, indicating a strategic approach to diversify its blockchain presence [1] - The deployment on the XRP Ledger is supported by Ripple's custody solution, highlighting a partnership that may enhance the stablecoin's utility [1] Group 2: Industry Implications - The integration of EUR CoinVertible into Ripple-related products and its potential use as collateral for transactions suggests a growing trend of stablecoins being utilized in various blockchain ecosystems [1]
X @Ripple
Ripple· 2026-02-18 18:37
RT Cassie Craddock (@CraddockCJ)Delighted that @SG_Forge EUR CoinVertible is officially live on the XRP Ledger!Bringing EUR CoinVertible to the XRPL is a huge win for the ecosystem, combining institutional-grade compliance with the speed and low costs the XRPL is known for.Proud to have @Ripple’s custody tech powering this milestone ...
Societe Generale-FORGE and Swift Settle Tokenized Bonds Using Stablecoin
Yahoo Finance· 2026-01-15 10:04
Core Insights - The pilot conducted by Societe Generale-FORGE and Swift successfully demonstrated the exchange and settlement of tokenized bonds using both fiat and digital currencies, showcasing end-to-end settlement flows [1][6] Group 1: Digital Asset Development - SG-FORGE's EUR CoinVertible, a MiCA-compliant stablecoin, was central to the trial, designed for on-chain settlement and compatible with Swift's interoperability [2] - The partnership with Bullish Europe GmbH aims to launch the USD CoinVertible (USDCV), positioning SG-FORGE at the forefront of regulated stablecoin adoption [3] Group 2: Collaboration and Framework - The collaboration builds on extensive work with major financial institutions and public bodies to create a secure and interoperable framework for digital assets [4] - Swift's orchestration role was critical in coordinating messages and settlements across platforms while ensuring compliance with financial messaging standards [4] Group 3: Hybrid Settlement Models - The project explores hybrid settlement models by incorporating fiat currencies alongside stablecoins, appealing to banks and corporate firms [5] - Settlement flows were completed using Swift infrastructure and ISO 20022 standards, reinforcing the feasibility of tokenized assets within existing regulatory frameworks [6] Group 4: Future of Capital Markets - The trial highlights a practical path toward faster settlement cycles, reduced operational risk, and enhanced transparency for capital market participants [7] - The collaboration supports the adoption of efficient, fast, and secure payment solutions for financial institutions using distributed ledger technology and EUR CoinVertible as a reference stablecoin [8]
意大利Bancomat计划推出欧元锚定稳定币 助力提升数字支付规模
Jin Rong Jie· 2025-12-11 09:25
Group 1 - Bancomat, an Italian payment network operator, is collaborating with major lending institutions and the Ministry of Economy and Finance to launch a euro-pegged stablecoin, which will be open to other issuers in the future [1][2] - The stablecoin is designed to maintain value stability by being anchored to traditional fiat currencies, primarily for transferring funds in cryptocurrency form [1] - Bancomat plans to launch the stablecoin in 2026 and aims for widespread adoption across Italy and other European regulated entities [1] Group 2 - The European Banking Authority reported that the global stablecoin market has grown from nearly zero in 2014 to an estimated $300 billion by 2025, urging lending institutions to manage risks associated with stablecoin interactions [2] - As of now, 27 stablecoins have been registered under the EU's Markets in Crypto-Assets Regulation (MiCA), issued by 17 institutions across 10 European countries [2] - The market capitalization of euro-pegged stablecoins has doubled to approximately $500 million since the MiCA rules took effect in mid-2024, with monthly transaction volumes surging tenfold to $3.83 billion [2] Group 3 - To counter the dominance of the US in the global payments sector, ten European banks have formed a company to launch a euro-pegged stablecoin in the second half of 2026 [3] - Société Générale became the first European bank to issue a euro-pegged stablecoin, EUR CoinVertible, under MiCA regulations, although its circulation is currently limited to €64.7 million [3]
X @Token Terminal 📊
Token Terminal 📊· 2025-11-11 23:00
Stablecoin Issuers - The report highlights several issuers of Euro-denominated stablecoins [1] - Featured issuers include EUTBL (@Spiko_finance), EURC (@circle), EUR CoinVertible (@SocieteGenerale), EURA (@AngleProtocol), EURe (@monerium), EURT (@Tether_to), and EUROe (@membranefinance) [1]