The Daily Hodl - XRP surged over 15% after Societe Generale announced plans to deploy its euro-pegged stablecoin on the XRP Ledger, leveraging its compliance with EU regulations and highlighting the asset's potential amid market volatility

https://dailyhodl.com/2024/11/16/xrp-defies-crypto-market-cool-down-and-surges-by-more-than-10-amid-new-xrpl-stablecoin-announcement/

XRP surged over 15% in 24 hours, driven by Societe Generale’s announcement to deploy its euro-pegged stablecoin, EURCV, on the XRP Ledger, adding to its existing deployments on Ethereum and Solana.

The stablecoin complies with the EU’s MiCA regulations, ensuring robust consumer protection, transparency, and safeguards against financial crimes like money laundering.

While the surge highlights XRP’s potential, users should remain vigilant about market volatility and thoroughly research investments in such rapidly changing environments.