General Society-FORGE (SG-FORGE) Announces the Launch of Its EUR CoinVertible (EURCV) Stablecoin on the Stellar Network

This development will provide users and businesses new opportunities to access a secure, transparent, and scalable euro stablecoin powered by the Stellar blockchain infrastructure.

General Society-FORGE (SG-FORGE) has announced the launch of its EUR CoinVertible (EURCV) stablecoin on the Stellar network. This move will provide users and businesses with new opportunities to access a secure, transparent, and scalable euro stablecoin powered by the Stellar blockchain infrastructure.

The launch of EUR CoinVertible on Stellar combines the assurance of the regulatory framework on crypto-asset markets (MiCA) with the robust infrastructure of the Stellar network, marking a step in the evolution of digital assets in Europe.

Several key technical advantages have driven the deployment of EUR CoinVertible on Stellar:

The features of the Stellar network – including its decentralized exchange system facilitating transactions between end users across many crypto assets – and its support for asset tokenization will allow EUR CoinVertible to be used seamlessly across various financial applications and services.

“Stellar’s approach and the links established with asset managers and traditional financial institutions fit perfectly into our approach aimed at a broader adoption of stablecoins within the financial system,” said Guillaume Chatain, Chief Commercial Officer of Société Générale-FORGE.

“By combining Stellar’s powerful blockchain technology with a trusted MiCA-compliant stablecoin, users have an efficient way to store and transfer value across borders, facilitating the adoption of this new form of money by individuals and businesses,” added Denelle Dixon, CEO of Stellar Development Foundation.

The launch of EUR CoinVertible on Stellar is expected to provide a stable and efficient euro-pegged digital asset for users and businesses within the Stellar ecosystem, enabling them to transact, store, and transfer value seamlessly in a fully regulated environment.