Sam 22 February 2025 ▪
3
min at reading ▪
Société Générale Crypto Crypto continues its expansion with multiple holes with the deployment of its Stablecoin Euro Euro on the stellar network. This strategic initiative announced last Thursday is part of a global approach aimed at strengthening bridges between traditional financing and the universe of cryptocurrencies.
SG-FORGE’S STABLECIN EURCV will arrive at Stellar
SG-FORGE, already present at Ethereum and Solana, will take a new step by integrating starry networks for Stabbenecoin EURCV. This option is motivated by several main technical advantages of star blockchain: scalability allowing thousands of operations per second, almost immediate transactions, minimum costs of order and advanced capacity to tokenization of “asset” tokenization.
Coinvertible (EURCV), currently the third largest Stablecoin in euros with capitalization exceeding EUR 41 million, thus benefiting from the robust Stellar infrastructure to offer more affordable and efficient financial services. Stellar integration allows access to a large network of financial institutions and asset managers that has already joined the ecosystem.
Cottain Guillaume, Sales Director of SG-FORGE, emphasizes the importance of this expansion: ‘ Our integration on Stellar refers to the decisive point of turnover in the convergence between traditional financing and digital assets. The Vises and Infrastructure of the Star State perfectly align with our goal of prolonged acceptance of stablecoins in the financial system. »»
Significant technical and strategic advantages
EURCV is characterized by overall compliance with European regulations, the first for the European stable. This compliance with regulations in combination with the expansion of SG-Forge with multiple holes illustrates the institution’s obligation to develop innovative financial solutions while respecting the control framework.
Stablecoin has already been available on the Crypto Bitpanda Exchange since September 2024 and offers European investors to ensure access to this stable digital currency. This enlarged accessibility associated with integration on Stellar, thus strengthens the position of EurCV as a trusted alternative to traditional stable and USDT, whose gradual withdrawal of the European market accelerates due to SIDA requirements.
Dennel Dixon, CEO of the Stellar Development Foundation, also confirms the importance of this initiative: “ EURCV’s advent of Stellar is the main progress in digital payments and offers users a more efficient way to store and transmit value beyond the borders. »»
In short, this strategic expansion position of SG-FORGE as the main player in the digital transformation of the European financial sector and effectively zrubs gaps between the traditional financial and innovative blockchain.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
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