EUR CoinVertible (EURCV)

💶 French Bank Launches Regulated Euro Stablecoin on Stellar

Societe Generale's digital asset arm, FORGE, has launched its EURCV stablecoin on the Stellar network. The euro-backed token is compliant with the EU's MiCA regulation and is part of the bank's multichain strategy for digital assets, according to Cointelegraph.

🚨 Digital Euro takes off! 🚨

Societe Générale-FORGE launches the MiCA‑compliant Euro stablecoin “EUR CoinVertible” (EURCV) on the Stellar network 🌐💶

⚡ Part of a multi‑chain strategy – previously deployed on Ethereum & XRP Ledger 🪙

🎯 Goal: use a regulated digital Euro across various blockchains & connect traditional financial institutions with blockchain 🏦✨

💰 By the end of 2024, Societe Générale managed about €1.57 trillion in total assets – the potential is huge!

France's Société Générale subsidiary, the crypto arm Société Générale-FORGE, announced that its euro stablecoin EUR CoinVertible (EURCV) has been deployed on the Stellar network. EURCV was first issued on Ethereum in 2023 and has since expanded to multiple blockchains including Solana and the XRP Ledger, and is designed to comply with the EU MiCA regulatory framework. Data shows the stablecoin currently has a market cap of about $450 million. (FinanceFeeds) https://t.co/IxK85gfhWN