Societe Generale-FORGE, a subsidiary of Societe Generale Group, has launched its euro-backed stablecoin, EURCV CoinVertible, on the Stellar blockchain network. The move comes as several stablecoin issuers in Europe gain regulatory approval to offer compliant stablecoins. SG-FORGE selected Stellar for its fast, scalable, and cost-effective network, with the aim of boosting the blockchain platform's cross-border payments ecosystem. The integration with Stellar will also enhance XLM utility in decentralized finance and web3, particularly in asset tokenization. SG-FORGE plans to expand the adoption of its stablecoin across financial institutions and asset managers.



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