Societe Generale-FORGE (SG-FORGE), a licensed investment firm and subsidiary of Societe Generale Group, has introduced its euro-backed stablecoin, EURCV, on the Stellar network.
This move is a big step toward bringing digital euros into mainstream finance. Built on Stellar’s fast and low-cost blockchain, EURCV promises security, transparency, and efficiency for businesses and users alike.
But why did SG-FORGE choose Stellar? Let’s break it down.
The launch of EURCV CoinVertible is a big step for Europe’s digital asset space. It combines the trusted Markets in Crypto-Assets (MiCA) regulatory framework with Stellar’s advanced blockchain, ensuring high security and transparency.
As one of the first fully MiCA-compliant euro-backed stablecoins, EURCV is designed to bring stability and trust to the evolving digital finance sector.
SG-FORGE chose Stellar for its stablecoin because of its key advantages:
Expanding EURCV’s Reach in Financial Services
Integrating EURCV into Stellar’s network connects it with a wide range of financial institutions, asset managers, and traditional finance firms. Stellar’s decentralized exchange and tokenization tools make it easy to integrate the stablecoin into different financial services.
Denelle Dixon, CEO of the Stellar Development Foundation, called this a major step in digital payments. He highlighted that the integration gives users a faster and more efficient way to store and transfer value across borders, helping individuals and businesses adopt digital euros more easily.
Beyond traditional finance, EURCV’s launch is expected to boost Stellar’s native token, XLM, in decentralized finance (DeFi) and the Web3 sector. Tokenization is growing fast, with major players like BlackRock, Fidelity, and Franklin Templeton expanding into the space.
SG-FORGE has also announced plans to launch EURCV on the XRP Ledger in 2025. The company is licensed as an electronic money institution by the Autorité de Contrôle Prudentiel et de Résolution and holds a digital asset service provider license from the Autorité des Marchés Financiers, reinforcing its position in the regulated digital asset market.
The crypto markets have gained some momentum since the start of the week, which has…
Story Highlights The price of the Kadena token is . The Kadena price could reach…
Veteran trader Peter Brandt has surprised the community with his bold prediction for Ethereum. He…
Bitcoin is holding strong above $84,500, showing resilience as market sentiment shifts. Strong U.S. job…
In the world of cryptocurrency, timing is often just as important as the project itself.…
Story Highlights The live price of Flare crypto is . The Flare price is expected…