PANews reported on February 19th, citing Cointelegraph, that SG-FORGE, the digital asset arm of French banking group Societe Generale, has expanded its euro-peggedPANews reported on February 19th, citing Cointelegraph, that SG-FORGE, the digital asset arm of French banking group Societe Generale, has expanded its euro-pegged
French banking group Societe Generale extends its euro stablecoin EURCV to XRP Ledger
PANews reported on February 19th, citing Cointelegraph, that SG-FORGE, the digital asset arm of French banking group Societe Generale, has expanded its euro-pegged stablecoin EUR CoinVertible (EURCV) to XRP Ledger. This marks the token's third blockchain deployment after Ethereum and Solana, utilizing Ripple's custody infrastructure and potentially integrating it into Ripple products as collateral for transactions. The stablecoin is reportedly backed 1:1 by bank cash deposits or high-quality securities, with a current circulating supply of approximately 70.51 million. It aims to enhance institutional access to euro-backed tokens and complies with EU MiCA regulations.
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