Cassie Craddock, UK and Europe managing director at Ripple, confirmed the issuance of euro-collateralized Stablecoin on the XRP ledger.
Created by Ripple Europe MD announcement During a panel session at Paris Blockchain Week 2025. In particular, Socgen Forge, a digital asset subsidiary of Société Generale, will lead the initiative.
In her commentary, Craddock highlights Ripple's growing influence in the field of digital assets in Europe. She noted that the Stablecoin initiative reflects a broader trend in institutional adoption across Europe. This trend has accelerated following the clarity provided by the EU market in Crypto-Assets (MICA) regulations.
Ripple Collaboration with Socgen Forge It started with Custody Solutions, but then expanded to publishing Stablecoin. Craddock pointed out, “We initially partnered with Socgen Forge with a focus on custody, but now we are partnering more widely by issuing Euro-CV Stablecoin on our XRP ledger.”
The move will set the XRP ledger, along with Ethereum and other enterprise-centric blockchains, as a serious infrastructure provider for the regulated Stablecoin Arena. The launch of RLUSD, RIPPLE's Stablecoin at XRPL, also contributes to increasing network excellence in the Stablecoin scene.
Bank-grade infrastructure for the future of finance
Additionally, Ripple continues to build an end-to-end digital asset infrastructure, supporting everything from payment and custody to tokenization. According to Craddock, Ripple not only solves cross-border liquidity issues, but also lays the foundation for a wider use case for tokenized finance.
She emphasized that acquiring custody skills in 2023 is important for Ripple. Because custody is an entry point for everything in your digital assets, whether it's tokenization, payments, NFTs, or anything else. “You need to get your custody right and it needs to be bank grade.” Craddock said.
Additionally, Craddock is now able to partner with banks and financial institutions, allowing assets to tokenize and create use cases, even if Ripple is not directly involved using the technology.
Craddock admitted that too Mica Regulation To enable agencies to confidently “lead towards the blockchain and digital asset space.” As a result, Ripple is in increasing demand for representing money market funds and other financial products across the region.
The early signs are that things are falling in place
Finally, Craddock noted that Ripple is creating an ecosystem where developers and institutions can push boundaries and drive the future of financial services. She added that a strong user experience relies on robust infrastructure (fecal defecation, custodian, compliance tools).
“We see early signs that these components are in place, but there is still a considerable journey to make this a truly global scale.” She concluded.
