SG Forge, a subsidiary of Socie ́ te ́ Ge ́ ne ́ rale, has announced that it will launch the EUR Coin Vertible (EURCV), a euro stablecoin, on the Solana blockchain. EURCV was previously issued on the Ethereum blockchain last year as a highly regulated euro alternative to US dollar stablecoins such as Tether and Circle. However, EURCV has not fared well on Ethereum, with only 28 holders, 154 transactions recorded and a circulation of 33 million, according to Etherscan data.
SGForge hopes to test crypto users' demand for euro stablecoins on a faster and lower-cost network by issuing EURCV on Solana.
Societe Generale subsidiary: will issue EURCV, a euro stablecoin, on Solana
2024-09-20 07:19:49
France SocGen banking subsidiary company sg forge announced solanadesk3cryptocurrencydesktopCrypto News
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