Societe Generale-Forge Advances Its Multichain Strategy and Selects the Stellar Network to Deploy Its MiCA-Compliant Stablecoin

Societe Generale-Forge (SG-FORGE) announced its EUR-backed stablecoin, EUR CoinVertible (EURCV), will be deployed on the Stellar network, capitalizing on the network’s technical advantages such as decentralized exchanges and asset tokenization. This move is facilitated under the Markets in Crypto-Assets (MiCA) framework, offering a secure and transparent way for financial transactions. The integration reflects a pivotal step in aligning traditional finance with digital assets, both enhancing adoption and meeting regulatory standards. Stellar’s blockchain technology provides a stable infrastructure for secure digital euro transactions across borders. The initiative increases the usability of stablecoins, aiming for broader financial adoption, as highlighted by executives from both SG-FORGE and the Stellar Development Foundation. The collaboration represents a significant upgrade in the digital assets landscape in Europe.