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XRP Ledger to Host SocGen Forge’s EURCV Stablecoin: Key Takeaways
The post XRP Ledger to Host SocGen Forge’s EURCV Stablecoin: Key Takeaways appeared on BitcoinEthereumNews.com. With Ripple’s acquisition of Metaco, Ripple Custody now serves a growing number of banking clients, bolstering the adoption of the XRP Ledger. SG-FORGE stands out due to its early adoption of public blockchains and flexibility, unlike traditional banks. In the latest development, Societe Generale-FORGE has chosen the XRP Ledger in order to launch its EURCV stablecoin on the platform. This firm is leveraging Metaco for its custody services, which is now a Ripple subsidiary now, and part of Ripple custody. Previously, the EURCV stablecoin was already launched on top blockchain networks like Ethereum and Solana. Thus, the launch of the stablecoin on the XRP Ledger, slated to happen next year in 2025, will be its third one. Currently, EURCV has a modest market capitalization of €38 million. Notably, 90% of its balance is concentrated in just four wallets, with only one of these wallets showing any transaction activity. Speaking on this recent development, Societe Generale-FORGE highlighted the benefits of the XRP Ledger such as low transaction costs, speed, and scalability. While other blockchains offer similar capabilities, XRPL stands out for its optimization in facilitating cross-border payments. Speaking on this, Guillaume Chatain, Chief Revenue Officer at Societe Generale-FORGE said: “The XRP Ledger is the ideal platform to complement our existing deployments due to the combination of speed and cost-efficiency. Our decision to launch this stablecoin on this blockchain was driven by our desire to offer next-generation, compliant digital assets that promote transparency, security, and scalability”. As a result of its performance, the XRP Ledger is also among the most preferred platforms to conduct cross-border transactions along with effectively handling the supply chain for businesses. Recently, Meld Gold chose the XRP Ledger for its advanced payment and transaction capabilities, enabling the seamless conversion of physical gold into digital certificates, reported CNF. A…
The post XRP Ledger to Host SocGen Forge’s EURCV Stablecoin: Key Takeaways appeared on BitcoinEthereumNews.com.
With Ripple’s acquisition of Metaco, Ripple Custody now serves a growing number of banking clients, bolstering the adoption of the XRP Ledger. SG-FORGE stands out due to its early adoption of public blockchains and flexibility, unlike traditional banks. In the latest development, Societe Generale-FORGE has chosen the XRP Ledger in order to launch its EURCV stablecoin on the platform. This firm is leveraging Metaco for its custody services, which is now a Ripple subsidiary now, and part of Ripple custody. Previously, the EURCV stablecoin was already launched on top blockchain networks like Ethereum and Solana. Thus, the launch of the stablecoin on the XRP Ledger, slated to happen next year in 2025, will be its third one. Currently, EURCV has a modest market capitalization of €38 million. Notably, 90% of its balance is concentrated in just four wallets, with only one of these wallets showing any transaction activity. Speaking on this recent development, Societe Generale-FORGE highlighted the benefits of the XRP Ledger such as low transaction costs, speed, and scalability. While other blockchains offer similar capabilities, XRPL stands out for its optimization in facilitating cross-border payments. Speaking on this, Guillaume Chatain, Chief Revenue Officer at Societe Generale-FORGE said: “The XRP Ledger is the ideal platform to complement our existing deployments due to the combination of speed and cost-efficiency. Our decision to launch this stablecoin on this blockchain was driven by our desire to offer next-generation, compliant digital assets that promote transparency, security, and scalability”. As a result of its performance, the XRP Ledger is also among the most preferred platforms to conduct cross-border transactions along with effectively handling the supply chain for businesses. Recently, Meld Gold chose the XRP Ledger for its advanced payment and transaction capabilities, enabling the seamless conversion of physical gold into digital certificates, reported CNF. A…
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