SocGen Crypto Arm to Bring Its Euro Stablecoin to XRP Ledger, Lays Out Plan for Going Multichain

Stablecoins, which are cryptocurrencies with their cost anchored to government-issued currencies, are increasingly popular for payments across the globe, offering a more efficient and cheaper way to go money. As countries roll out regulations for the asset class, more banks are getting interested in issuing their own stablecoin. Spanish bank BBVA, for eg, said it plans to issue a stablecoin on Ethereum next year using payment firm Visa’s tokenization dais.