SocGen Crypto Arm to Bring Its Euro Stablecoin to XRP Ledger, Lays Out Plan for Going Multichain
The French financial services firm said earlier this year it will also expand EURCV to the Solana network after struggling to attract users on Ethereum.
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XRP Ledger
The French financial services firm said earlier this year it will also expand EURCV to the Solana network after struggling to attract users on Ethereum.
The vehicle will focus on data center investments across the U.S, United Arab Emirates, Saudi Arabia, India, and Europe, claiming to be the “world’s first combined equity and debt tokenized fund.”
The company said it will use both Ripple USD (RLUSD) and XRP for cross-border payments services.
This is part of a larger fund that Ripple will allocate to tokenized T-bills provided by OpenEden and other issuers.
Schwartz spoke to The Protocol about the aftermath of Ripple’s SEC win, his method for dealing with XRP’s rabid fanbase, the XRP Ledger’s controversial approach to centralization, and more.
Earlier this month, Ripple-owned infrastructure provider Metaco said it was working with banking powerhouse HSBC.