Societe Generale-FORGE , a subsidiary of the French banking group Societe Generale, has launched its Euro-backed stablecoin, EUR CoinVertible , on the Stellar blockchain network. This development positions EURCV as one of the first Euro-denominated stablecoins fully compliant with the European Union’s Markets in Crypto-Assets regulations.
The integration of EURCV into the Stellar network aims to enhance the efficiency of cross-border transactions and financial applications. Stellar’s blockchain infrastructure is recognized for its scalability, speed, and cost-effectiveness, making it a strategic choice for SG-FORGE’s digital asset expansion. This move is part of SG-FORGE’s broader multichain strategy, which includes plans to deploy EURCV on other blockchain platforms such as Solana and the XRP Ledger.
Denelle Dixon, CEO of the Stellar Development Foundation, highlighted the significance of this collaboration, stating that the launch of EURCV on Stellar represents a substantial advancement in digital payments. By combining Stellar’s robust blockchain technology with a trusted MiCA-compliant stablecoin, users are provided with a more efficient means to store and transfer value across borders, facilitating the adoption of this new form of money by individuals and businesses.
SG-FORGE’s commitment to regulatory compliance is evident in its adherence to the MiCA framework, which is designed to provide a clear and harmonized regulatory environment for crypto-assets within the European Union. By ensuring that EURCV meets these stringent regulatory standards, SG-FORGE offers users enhanced security and transparency in their digital transactions.
The decision to utilize the Stellar network was influenced by several technical advantages. Stellar’s architecture supports thousands of operations per second, ensuring that EURCV can handle high transaction volumes efficiently. Transactions on Stellar are typically completed within seconds, a critical feature for real-time financial applications. Additionally, the low transaction costs on the Stellar network make it ideal for micropayments and cross-border transfers, further enhancing the utility of EURCV in various financial contexts.
Guillaume Chatain, Chief Revenue Officer at SG-FORGE, emphasized the alignment between Stellar’s approach and SG-FORGE’s mission to promote broader adoption of stablecoins within the financial system. The collaboration with Stellar is expected to facilitate seamless integration of EURCV into a diverse network of financial institutions, asset managers, and traditional finance entities already connected to the Stellar ecosystem.
This expansion of EURCV onto the Stellar network is anticipated to open new avenues for users and businesses to access a secure, transparent, and scalable digital Euro stablecoin. The combination of MiCA regulatory assurance with Stellar’s robust blockchain infrastructure marks a significant milestone in the evolution of digital assets in Europe.
SG-FORGE’s strategic move comes at a time when the European Union is intensifying its regulatory oversight of crypto-assets. The MiCA regulations, which came into effect in January 2025, require stablecoin issuers to comply with specific standards to operate within the EU. This regulatory environment aims to protect investors and ensure the stability of the financial system, prompting issuers like SG-FORGE to align their offerings with these new requirements.
The launch of EURCV on Stellar is expected to have a positive impact on the adoption of digital assets among institutional investors. By providing a MiCA-compliant stablecoin, SG-FORGE addresses the growing demand for regulated digital assets that can be seamlessly integrated into traditional financial systems. This development is poised to enhance the credibility and acceptance of digital currencies in mainstream financial markets.
In addition to its regulatory compliance and technical advantages, EURCV’s deployment on Stellar is set to benefit from the network’s existing features, including its built-in decentralized exchange. This functionality allows for decentralized transactions between end-users on various cryptocurrencies, facilitating the integration of EURCV into a wide range of financial applications and services.
As SG-FORGE continues to advance its multichain strategy, the successful integration of EURCV on the Stellar network serves as a model for future deployments. The company’s proactive approach to regulatory compliance and technological innovation underscores its commitment to providing secure and efficient digital asset solutions in the evolving financial landscape.
The collaboration between SG-FORGE and Stellar exemplifies the potential of combining traditional financial expertise with cutting-edge blockchain technology. As digital assets become increasingly integral to the global financial system, initiatives like the EURCV stablecoin on Stellar are paving the way for more inclusive and efficient financial services.