Ripple strengthens XRP network: Euro-Stablecoin is coming

Cassie Craddock, Managing Director of Ripple for the United Kingdom and Europe, has confirmed that a euro-covered Stablecoin is being launched on the XRP Ledger. She announced that during a panel session on the Paris Blockchain Week 2025.

The initiative is led by Socgen Forge, the digital subsidiary of the French Grootbank Société Générale. The announcement marks an important step in the institutional adoption of blockchain technology in Europe.

Institutional breakthrough on European soil

According to Craddock, the arrival of the Euro-StableCoin reflects a broader trend of increasing institutional interest in digital assets. This development is reinforced by the clarity that the European MICA legislation (Markets in Crypto-Assets) offers.

The cooperation between Ripple and Socgen Forge started offering custody solutions, but has since grown into a broader cooperation on the issue of Stablecoins. “We started with collaboration in the field of custody,” says Craddock, “and are now working together on the launch of their Euro-Stablecoin (Euro-CV) on the XRP Ledger.”

With this step, the XRP Ledger is increasingly profiling itself as reliable infrastructure for regulated stablecoins, in addition to established networks such as Ethereum (ETH). The expected launch of Ripple’s own RLUSD-StableCoin also reinforces the position of the network within this fast-growing market segment.

Ripple is building financial infrastructure of the future

Ripple is fully committed to building a complete infrastructure for digital assets, which covers the entire spectrum: from payments and custody to the tokenization of financial products. According to Craddock, the acquisition of Custody technology in 2023 was a crucial step.

“Custody is the gateway to everything within the world of digital assets-whether it is tokenization, payments, NFTs or something else. You must have your custody solutions in order, and that at bank level,” said Craddock.

Thanks to this technological basis, Ripple can now also support banks and financial institutions in the tokenization of assets – even if Ripple itself is not directly involved in those specific applications. The technology is therefore used more broadly than only within Ripple’s own services, and serves as a foundation for a variety of applications in the financial sector.

Mica opens doors for European institutions

Craddock underlined that MICA regulations make it possible for institutions to enter the world of blockchain and digital assets with confidence. Ripple therefore notices an increasing demand for tokenization of money market funds and other financial products in Europe.