French bank Societe Generale is expanding its EUR CoinVertible (EURCV) stablecoin to the Solana blockchain. The asset, which was previously launched on Ethereum, has struggled to gain traction with only 28 holders and 154 total transactions. The move to Solana is expected to enhance user experience on DeFi platforms, payment systems, and decentralized applications. Solana's scalability and low transaction costs make it ideal for stablecoins used in daily payments and cross-border transactions. Societe Generale hopes to replicate the success of PayPal's PYUSD stablecoin by expanding the adoption of EURCV on Solana.



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