Societe Generale-FORGE announced the launch of EURCV, a MiCA-compliant EUR-backed stablecoin on the Stellar network. The deployment leverages Stellar's scalability, speed, and low costs to enable secure cross-border transactions and financial applications for European users and institutions.
Societe Generale-FORGE, a regulated subsidiary of Societe Generale Group, has launched EURCV, a EUR-backed stablecoin fully compliant with the EU's Markets in Crypto-Assets (MiCA) framework, on the Stellar blockchain. The stablecoin deployment capitalizes on Stellar's technical advantages including high scalability (thousands of operations per second), fast transaction settlement (seconds), minimal transaction costs (fractions of a cent), and robust asset tokenization capabilities. By joining the Stellar ecosystem, EURCV gains access to an established network of financial institutions, asset managers, and traditional finance entities already connected to Stellar. The integration combines regulatory assurance with blockchain infrastructure, enabling seamless integration into various financial applications and supporting cross-border transfers and micropayments.
