eurcv

According to Finance Feeds, Societe Generale-FORGE, the crypto subsidiary of Societe Generale, has deployed its euro-pegged stablecoin EUR CoinVertible (EURCV) on the Stellar network, completing its multi-chain expansion plan first announced in 2025.EURCV was first launched on Ethereum in April 2023, later expanding to Solana and XRP Ledger, with a current market capitalization of approximately $45.2 million. The stablecoin has participated in several tokenized financial asset experiments, including the tokenized bond exchange and settlement pilot in the SWIFT test earlier this year.

According to The Block, the startup behind the multi-signature wallet Safe Wallet, Safe Labs, announced the official integration of the Morpho vault, allowing users to earn euro yields through the compliant stablecoin EURCV issued by Société Générale.The program enables users to directly connect to the dedicated vault on the Morpho protocol within their Safe wallet. This vault is managed and maintained by the institutional-grade DeFi research firm Steakhouse Financial, aiming to provide users with DeFi yields based on EURCV (the euro stablecoin compliant with MiCA regulations).

According to Cointelegraph, the digital asset division of the French banking group Societe Generale, SG-FORGE, has expanded its euro-pegged stablecoin EUR CoinVertible (EURCV) to the XRP Ledger. This makes it the third blockchain deployment for the token, following Ethereum and Solana, utilizing Ripple's custody infrastructure and potentially integrating into Ripple products as collateral for trading.The stablecoin is backed 1:1 by bank cash deposits or high-quality securities, with a current circulation of approximately 70.51 million tokens. It aims to enhance institutional access to euro-backed tokens and comply with the EU's MiCA regulations. This move stems from SWIFT's pilot testing of EUR CoinVertible for tokenized bond exchanges and settlements, promoting the development of euro stablecoins to counter the dominance of the dollar.

ChainCatcher news, Societe Generale's digital asset subsidiary SG-FORGE has introduced its euro and dollar stablecoins into DeFi, allowing users to engage in lending and spot trading.This move deploys the bank's EURCV and USD CoinVertible (USDCV) on the Ethereum-based Morpho and Uniswap protocols, expanding SG-FORGE's efforts to distribute its stablecoins through centralized exchanges and brokers. By entering DeFi, SG-FORGE enables clients to trade assets pegged to major currencies around the clock, while relying on smart contracts to handle transaction mechanisms. On the Morpho platform, users can now borrow EURCV and USDCV using cryptocurrencies (such as BTC, ETH) as well as money market token funds regulated by the French Financial Markets Authority (such as USTBL, EUTBL, which invest in U.S. Treasury bonds and Eurozone government bonds) as collateral.Asset management company MEV Capital will be responsible for managing these vaults, setting qualified collateral rules, and handling defaults when necessary. SG-FORGE stated that more types of collateral will be introduced in the future. Additionally, the listing on Uniswap will create a spot market for the bank-issued stablecoins. Market maker Flowdesk will provide liquidity, assisting traders in exchanging EURCV and USDCV without relying on traditional intermediaries.

ChainCatcher news, according to CoinDesk, BCB Markets (the trading division of crypto payment company BCB Group) announced a partnership with French banking giant Societe Generale's digital asset subsidiary Societe Generale--FORGE to promote its euro stablecoin EURCoinVertible (EURCV).EURCV was launched in April 2023 and is one of the first stablecoins to meet the requirements of the EU's Markets in Crypto-Assets Regulation (MiCA). This stablecoin is backed by cash reserves and is pegged to the euro, primarily targeting institutional users, aiming to bring stability and regulatory clarity to the European stablecoin market.

ChainCatcher news, according to Cryptoslate, Société Générale's subsidiary SG-FORGE announced the deployment of its euro-backed stablecoin EUR CoinVertible (EURCV) to the Stellar network.It is noteworthy that EURCV is one of the first stablecoins fully compliant with the EU's MiCA regulation. This expansion is the latest move by the bank in the blockchain space, following its issuance of green bonds on a public blockchain and its collaboration with the French central bank on repurchase transactions.

ChainCatcher news, Société Générale's subsidiary SG Forge will deploy its euro stablecoin EURCV on the XRP Ledger network. By deploying on XRPL, SG-FORGE aims to benefit from the network's cross-border payment and tokenization capabilities, promoting its fast settlement and low-cost transactions. EURCV will be issued using Ripple's custody service.RippleX Senior Vice President Markus Infanger stated, "Introducing trusted bank-grade stablecoins like EURCV to XRPL is crucial for enabling institutional use cases such as payments, which is a core focus for Ripple."EURCV was launched in 2023 on Ethereum and is a highly regulated product.

ChainCatcher news, according to Coindesk, Société Générale's subsidiary SG Forge announced the launch of the euro stablecoin EUR CoinVertible (EURCV) on the Solana blockchain.EURCV was previously issued on the Ethereum blockchain last year as a highly regulated euro alternative to dollar stablecoins like Tether and Circle.However, EURCV's performance on Ethereum has not been ideal. According to Etherscan data, there are currently only 28 holders, 154 transaction records, and a total issuance of 33 million. SG Forge hopes to test the demand from crypto users for a euro stablecoin on a faster and lower-cost network by issuing EURCV on Solana.

ChainCatcher news, according to CoinDesk, the Société Générale's euro stablecoin EUR Coinvertible (EURCV) has started trading on the European cryptocurrency exchange Bitstamp.

ChainCatcher news, according to the Financial Times, Société Générale has become the first major bank to launch a stablecoin, the EUR CoinVertible (EURCV), pegged to the euro, on Bitstamp.Société Générale's digital assets division, SocGen Forge, stated that the bank hopes its stablecoin will be used for settling transactions of digital bonds, funds, and other assets. This stablecoin is in line with the upcoming Markets in Crypto-Assets (MiCA) regulation, which will take effect next year, emphasizing that "few stablecoins meet MiCA standards." Axa Investment Managers has already used Société Générale's stablecoin to invest in a digital green bond.

ChainCatcher news, Flowdesk has been appointed by Forge, a subsidiary of Société Générale (GLE), as the new market maker for its euro stablecoin EUR CoinVertible (EURCV).As a market maker, Flowdesk will provide liquidity for the EURCV-EUR and EURCV-USDT trading pairs and has been authorized by SG-FORGE to trade EURCV.