SG Forge, a subsidiary of Societe Generale, plans to launch the euro stablecoin EUR CoinVertible (EURCV) on the Solana blockchain. Previously launched on Ethereum, EURCV has had limited adoption with only 28 holders and 154 transactions. The move to Solana will test the demand for Euro-linked stablecoins on a faster and cheaper network. Stablecoins are increasingly important in the global financial economy, and many firms are looking to replicate the success of Circle and Tether.
- Content Editor ( coindesk.com )
- 2024-09-20
SocGen's Crypto Unit Takes EURO Stablecoin to Solana After Flopping on Ethereum