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Crypto

SG-FORGE deploys EURCV stablecoin on Stellar blockchain

Societe Generale\'s crypto unit SG-FORGE has deployed its euro-based stablecoin EUR CoinVertible (EURCV) on the Stellar blockchain, Cointelegraph reported on March 10. EURCV is a MiCA-compliant euro token intended for blockchain-based financial applications and asset services. SG-FORGE highlighted Stellar\'s throughput, low fees and support for tokenised assets, and said on-chain trading is possible via Stellar\'s decentralised exchange.

Crypto

SWIFT, SG-Forge test tokenised bond settlement using euro stablecoin

SWIFT completed a test of settling a tokenised bond using Societe Generale’s euro stablecoin, Cointelegraph reported on Jan. 15. The project aimed to improve interoperability between traditional finance systems and blockchain-based assets. SG-Forge used the EURCV (EUR CoinVertible) stablecoin to complete exchange and settlement between fiat and digital currency. SG-Forge said EURCV complies with the EU’s MiCA rules and is natively compatible with SWIFT interoperability features.