Societe Generale-FORGE Supercharges Stellar with Groundbreaking Stablecoin Initiative!
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- Societe Generale-FORGE is set to launch its EUR CoinVertible stablecoin on the Stellar blockchain.
- The initial deployment of EURCV was on Ethereum, with plans for expansion to the XRP Ledger.
Societe Generale-FORGE (SG-FORGE) has officially announced its intention to expand the EUR CoinVertible stablecoin (EURCV) onto the Stellar blockchain, enhancing accessibility and usability within this innovative ecosystem.
The SG-FORGE initiative launched the EURO-backed stablecoin in 2023 and initially deployed it on Ethereum. following its successful introduction, SG-FORGE aims to expand its reach into Solana and XRP Ledger as well. Though,they revealed on Thursday that their next major step will involve integrating with Stellar’s cross-border payments network (SG Forge Declaration).
A MiCA-Compliant Stablecoin Arrives at Stellar
This launch introduces the MiCA-compliant EURCV to a community that prioritizes financial innovation (Learn more about Blockchain here). Such compliance positions SG-FORGE among only ten other stable coin issuers authorized within the EU. Notably,under new regulatory guidelines,MiCA regulations are set to take effect on December 30,2024 (Explore more about Global Regulations).
A fully compliant Euro stablecoin powered by Stellar has officially arrived!
@Stellar – February 20, 2025 via Twitter
By deploying this euro-pegged stable currency on Stellar’s platform, SG-FORGE is positioning itself strategically within the global financial ecosystem. this integration paves new avenues for lawfully compliant cryptocurrency adoption in traditional finance settings.
““This collaboration marks a notable step toward merging traditional finance with advanced digital asset solutions,” said Guillaume Chatain,Chief Revenue Officer at SG-FORGE. “Stellar’s framework aligns perfectly with our vision for broader acceptance of accessible financial products,” he added.“;
Stellar’s blockchain technology has been instrumental in attracting partnerships across both financial and tech sectors. One of its early collaborations was with IBM through their ambitious World Wire project; although challenges hampered progress there,
Even though FXBXX expanded into six networks including Ethereum and Polygon while dominating over $586 million money market fund assets remaining predominantly rooted deep within XLM’s infrastructure presently — showcasing continuous trust stemming from stellar connections!..
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