SG-FORGE Launches MiCA-Compliant EURCV Stablecoin on Stellar

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.

A Major Step for Europe’s Digital Asset Market

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.

Why Stellar? Fast, Scalable, and Cost-Effective

SG-FORGE chose Stellar for its stablecoin because of its key advantages:

• Strong Tokenization Support – Stellar’s built-in tokenization features align well with SG-FORGE’s stablecoin goals.
• High Scalability – Stellar can handle thousands of transactions per second, making it ideal for large-scale financial operations.
• Instant Transactions – Payments settle in seconds, making it useful for real-time financial services.
• Low Fees – Stellar’s transaction costs are just a fraction of a cent, making it cost-efficient for both small and large payments.

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.

Strengthening XLM’s Role in DeFi and Web3

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.

EURCV Coming to XRPL in 2025

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.