News Explorer — Societe Generale Crypto Division Launches Euro Stablecoin on Ethereum

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Apr 20, 9:06 am

Coindesk

Societe Generale Crypto Division Launches Euro Stablecoin on Ethereum

Societe Generale's crypto division, SG Forge, has launched a euro-pegged stablecoin on Ethereum, which it claims is the first such asset deployed on a public blockchain. The asset, EUR CoinVertible (EURCV), is intended to bridge the gap between traditional capital markets and digital assets, providing institutional clients with a secure settlement asset and on-chain liquidity funding and refinancing.

Societe Generale's crypto division, SG Forge, has launched a euro-pegged stablecoin on Ethereum, which it claims is the first such asset deployed on a public blockchain. The asset, EUR CoinVertible (EURCV), is intended to bridge the gap between traditional capital markets and digital assets, providing institutional clients with a secure settlement asset and on-chain liquidity funding and refinancing.

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