"This is just the beginning," Guillaume Chatain, chief revenue officer at SG-FORGE, said in a statement. "We look forward to further innovation and expanding the reach of our portfolio of digital solutions."
With the deployment on XRPL, SG-FORGE is looking to benefit from the network's cross-border payment and tokenization capabilities, touting its fast settlements and low-cost transactions.
"Bringing trusted, banking-grade stablecoins like EURCV onto the XRPL is critical to enabling institutional use cases, like payments, which is a core focus for Ripple," said Markus Infanger, SVP at RippleX.
EURCV started on Ethereum in 2023 as a highly regulated product to compete with top dollar stablecoin issuers Circle and Tether. The token gained limited traction, with 38 million in issuance compared with Circle's 92 million EURC.
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