Euro Stablecoin on XRP Ledger? Banks and Blockchain Walk Into a Bar… 🍸💶

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In the bustling heart of Paris, where the Seine whispers secrets to the cobblestones, Cassie Craddock, the sharp-eyed Managing Director of Ripple for the UK and Europe, dropped a bomb wrapped in a croissant: a Euro-backed stablecoin is set to make its debut on the XRP Ledger. Yes, the very ledger that sounds like a ledger but dreams of being a revolution.

She spilled the beans at Paris Blockchain Week 2025, a gathering where suits and dreamers mingle, and the stablecoin will be issued by none other than SocGen Forge—the digital asset arm of the venerable French bank Société Générale. Because nothing says “cutting-edge” like a centuries-old bank trying to keep up with the kids.

🚨 BREAKING:

CASSIE CRADDOCK, RIPPLE’S MANAGING DIRECTOR FOR THE UK & EUROPE, HAS CONFIRMED THE ISSUANCE OF A EURO-BACKED STABLECOIN ON THE #XRP LEDGER! 💶

XRP 🤝🏼 EURO

— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) April 14, 2025

Ripple and SocGen Forge first shook hands over custody solutions—basically, the digital equivalent of locking your valuables in a safe that’s smarter than your average bank teller. Now, they’re stepping into the ring of stablecoin creation, because why stop at safe storage when you can print digital money too?

Craddock put it plainly, “We partnered with SocGen Forge initially around custody, and now more broadly on issuing their Euro-CV stablecoin on the XRP Ledger.” It’s like starting with a handshake and ending with a marriage certificate, only with more code and fewer awkward family dinners.

This move is no small potatoes for Ripple. It’s a bold stride that plants the XRP Ledger firmly alongside blockchain heavyweights like Ethereum in the race for regulated stablecoins. And it’s riding the coattails of Ripple’s own RLUSD stablecoin, which already flexes XRPL’s muscles in the global financial arena.

Ripple isn’t just dabbling; it’s building a whole financial ecosystem on blockchain—payments, custody, tokenization—the works. Craddock called custody solutions the “gateway” to the digital asset kingdom. Because if you can’t keep your digital gold under lock and key, you might as well be handing out candy on Halloween.

That’s why Ripple snapped up custody technology in 2023—to give banks and institutions the kind of security that would make Fort Knox jealous, especially as they eye tokenizing everything from money market funds to, who knows, maybe your grandma’s vintage stamp collection.

And then there’s MiCA, the EU’s regulatory knight in shining armor, encouraging institutions to dip their toes into crypto without fearing the regulatory sharks. “MiCA is helping institutions lean into the blockchain and digital asset space with confidence,” Craddock said, as if handing out a permission slip for the wild new playground of finance.

With banks and traditional finance players knocking on Ripple’s door, the company sees a future where Europe leads the charge in digital finance. And Ripple? Well, it’s ready to be the engine powering that transformation—because if you can’t beat the old guard, you might as well build a better ledger.

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2025-04-14 21:09