Société Générale launches euro-pegged stablecoin

ChainCatcher news, Société Générale (SG-Forge) announced on April 20 the launch of EUR CoinVertible, a euro-pegged stablecoin aimed at institutional clients.

The EUR CoinVertible stablecoin will be traded under the ticker symbol EURCV and is designed to bridge the gap between traditional capital markets and the digital asset ecosystem. It is only available to institutional investors who have joined Société Générale through its KYC and anti-money laundering (AML) procedures.

SG-Forge CEO Jean-Marc Stenger stated that in the coming weeks, Société Générale will assess the interest of potential clients and answer their questions for gradual adoption. (Cointelegraph)