SG-FORGE launches EUR CoinVertible on XRP Ledger as third public chain

Societe Generale's SG-FORGE has deployed its euro-denominated stablecoin, EUR CoinVertible, on the XRP Ledger, marking its third public blockchain, according to a Wednesday announcement. Ripple's custody support may enable future integration into Ripple products, and about 70.51 million tokens are currently in circulation. The asset is backed 1:1 by bank cash deposits or high-quality securities.