Ripple Boosts RLUSD, XRP Leger adoption
Cassie Craddock, UK and Europe region managing director for Ripple, confirmed that a euro-backed stablecoin has been issued on the XRP Ledger. This was said during the MD of Ripple Europe’s comments at Paris Blockchain Week 2025.
The project was executed by SocGen Forge, Société Générale’s subsidiary. Craddock underlined Ripple’s growing influence in the European market. She noted, “The stablecoin initiative is evidence of a wider institutional adoption trend throughout Europe.” She pointed to some calmer waters after the EU’s MiCA regulation.
Initially starting with custody solutions, Ripple and SocGen Forge have now expanded their collaboration to include the issuance of stablecoins. “We partnered first on custody, and now more generally on issuing their Euro-CV stablecoin on the XRP Ledger,” she added.
This action ambitiously places the XRP Ledger with Ethereum and other corporate blockchains within the controlled stablecoin sector. Also aiding in this surge are the increased competitive conditions supplied by Ripple’s deployed RLUSD stablecoin on the network
RLUSD and XRP are not competitors in any way. RLUSD was developed to improve the liquidity and transaction speed that XRP offers,. Institutions reluctant to deal directly with more volatile digital assets are drawn to RLUSD’s price stability.
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