Societe Generale's digital asset unit SG-FORGE has officially issued its EUR CoinVertible stablecoin on the XRP Ledger. This multi-chain expansion on February 18 is part of its strategy to circulate the MiCA-compliant bank-issued stablecoin across Ethereum, Solana, and now XRPL.
On February 18, the US spot ETF for XRP saw a net outflow of $2.21 million, primarily from Grayscale's GXRP fund, while the Solana spot ETF market recorded a $2.4 million net inflow for its sixth consecutive trading day of positive flows.
Franklin XRP Trust has filed its quarterly 10-Q report with the SEC, detailing its financial status and holdings of XRP.( for full version check my x )
XRP price rises as a US market structure bill prompts investor buying activity.
Crypto analyst King Jayden opined in an X post that XRP had surged 38% from its February lows, breaking above $1.65 before cooling near $1.50, and had outperformed Bitcoin and Ethereum in the process. He said the driver was real utility, explaining that Institutional DeFi was expanding on XRPL with lending, permissioned decentralized exchanges, and privacy-focused upgrades. He added that with leadership momentum from Brad Garlinghouse and growing regulatory alignment, the picture was becoming clearer. He concluded that it felt bigger than retail hype.