ChainCatcher news, Société Générale's subsidiary SG Forge will deploy its euro stablecoin EURCV on the XRP Ledger network. By deploying on XRPL, SG-FORGE aims to benefit from the network's cross-border payment and tokenization capabilities, promoting its fast settlement and low-cost transactions. EURCV will be issued using Ripple's custody service.RippleX Senior Vice President Markus Infanger stated, "Introducing trusted bank-grade stablecoins like EURCV to XRPL is crucial for enabling institutional use cases such as payments, which is a core focus for Ripple."EURCV was launched in 2023 on Ethereum and is a highly regulated product.

ChainCatcher news, according to News 1, the on-site testing of the Central Bank Digital Currency (CBDC) by South Korea's IBK Industrial Bank is expected to begin in November, with up to 100,000 members of the public participating in the test. The testing will last for about 5 months and is expected to conclude in March 2025.IBK Industrial Bank has recently started the vendor selection process for the development of the CBDC real transaction testing system. The budget allocated for system development is 757 million won (545,000 USD).

ChainCatcher news, Flowdesk has been appointed by Forge, a subsidiary of Société Générale (GLE), as the new market maker for its euro stablecoin EUR CoinVertible (EURCV).As a market maker, Flowdesk will provide liquidity for the EURCV-EUR and EURCV-USDT trading pairs and has been authorized by SG-FORGE to trade EURCV.