SG-FORGE has officially launched its Euro-backed stablecoin, EUR CoinVertible (EURCV), on the Stellar blockchain. This strategic expansion enhances accessibility for users and businesses seeking a secure, transparent, and scalable digital euro, supported by Stellar’s cutting-edge infrastructure.
A Milestone for Digital Assets in Europe
By integrating with the Stellar network, EURCV combines the regulatory security of the Markets in Crypto-Assets (MiCA) framework with Stellar’s advanced blockchain capabilities. This move marks a pivotal development in Europe’s digital asset landscape:
- MiCA Regulatory Compliance – EURCV stands among the first Euro-backed stablecoins to fully adhere to the EU’s MiCA framework, ensuring security and transparency for users.
- Seamless Stellar Integration – Leveraging Stellar’s efficient and scalable blockchain technology, EURCV enhances its utility for financial applications and global transactions.
- Broader Market Access – The Stellar ecosystem connects EURCV to a vast network of financial institutions, asset managers, and traditional finance (TradFi) players, increasing adoption and usability.
Why Stellar? The Key Advantages
The decision to integrate EURCV with Stellar was driven by several core technological benefits:
- Scalability – Stellar’s architecture supports thousands of transactions per second, ensuring high-volume transaction processing.
- Speed – Transactions on the Stellar network finalize within seconds, making it ideal for real-time financial applications.
- Cost Efficiency – With transaction fees costing just fractions of a cent, Stellar is well-suited for micropayments and cross-border transfers.
- Asset Tokenization – Stellar’s robust framework aligns with SG-FORGE’s vision for issuing digital assets efficiently.
Unlocking New Financial Possibilities
Stellar’s features, including its built-in decentralized exchange and seamless support for asset tokenization, will allow EURCV to integrate effortlessly into various financial services and applications.
Guillaume Chatain, Chief Revenue Officer at SG-FORGE, highlighted the importance of this integration, stating:
“Our collaboration with Stellar is a significant step toward bridging traditional finance with the digital asset ecosystem. Stellar’s infrastructure and strong relationships with asset managers and financial institutions align with our mission to drive stablecoin adoption within global finance.”
Denelle Dixon, CEO of the Stellar Development Foundation, emphasized the significance of this development:
“The launch of SG-FORGE’s EUR stablecoin on Stellar represents a major leap for digital payments. Combining Stellar’s blockchain efficiency with a MiCA-compliant stablecoin provides users with a seamless way to store and transfer value across borders, simplifying digital transactions for individuals and businesses alike.”
About Societe Generale-FORGE
Societe Generale-FORGE, a regulated subsidiary of Societe Generale Group, operates as an investment firm under the supervision of the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés Financiers (AMF). It is also registered as a Digital Asset Service Provider (DASP) and authorized as an electronic money institution by the ACPR.
As the issuer of the EUR CoinVertible (EURCV) stablecoin, SG-FORGE provides a secure, institutional-grade digital asset platform, maintaining rigorous regulatory standards. Their digital solutions follow the CAST open-source model, ensuring interoperability and security within the financial ecosystem.
Source: StellarOrg
