Société Générale-FORGE has expanded its euro-backed stablecoin, EUR CoinVertible (EURCV), to the Stellar blockchain. The move strengthens the bank’s strategy to link traditional finance with blockchain technology. It also broadens access to one of Europe’s first stablecoins built to comply with the European Union’s Markets in Crypto-Assets (MiCA) framework.
Major financial institutions now explore regulated digital currencies. As blockchain adoption grows, banks increasingly test compliant stablecoins for payments and digital asset services.
Multichain Strategy Expands EURCV Access
Société Générale-FORGE continues to grow EURCV through a multichain approach. The stablecoin already runs on Ethereum and the XRP Ledger. Now, the Stellar network joins this ecosystem.
This strategy allows the bank to reach more developers, fintech platforms, and financial institutions. Furthermore, it improves flexibility for blockchain-based financial applications.
Stellar offers fast transaction speeds and very low network fees. Therefore, it creates an efficient environment for digital payments and tokenized assets.
Banks and fintech companies can now access regulated euro liquidity on another public blockchain. As a result, this expansion could drive wider use of euro-backed digital assets across decentralized finance and digital financial infrastructure.
EURCV Focuses on Compliance and Stability
EUR CoinVertible maintains a one-to-one value with the euro. The token remains backed by bank deposits and liquid financial assets. This structure supports transparency and trust.
The stablecoin also aligns with the EU’s MiCA regulatory framework. These rules require strict reserve management and regulatory oversight.
Key features of EURCV include:
- Full euro backing supported by secure reserves
- Compliance with the EU’s MiCA regulations
- Support for cross-border payments
- Integration with tokenized assets and DeFi platforms
- Access to regulated on-chain euro liquidity
These features make EURCV appealing for institutions that want compliant digital finance solutions.
Stellar Network Strengthens Stablecoin Utility
Stellar focuses on fast settlement and efficient asset issuance. Its infrastructure suits payment systems that require reliability and speed. The network also includes a built-in decentralized exchange.
This design helps fintech firms, payment providers, and asset managers integrate blockchain tools more easily. Consequently, EURCV could support new financial services across blockchain ecosystems.
The launch also reflects a broader trend in Europe. With MiCA regulations now active, banks are increasingly developing regulated stablecoins. These digital currencies could play a key role in global payments, tokenized assets, and future blockchain-based financial systems.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hong Kong SFC issues two tokenized offering circulars on the same day (26EC22 / 26EC23): Full breakdown of VATP secondary trading and primary subscription and redemption rules
The Hong Kong Securities and Futures Commission will issue two guidance circulars for tokenized products in 2026, covering primary-market subscription and redemption and secondary-market trading requirements, respectively. The circulars will clearly define the responsibilities of product providers, liquidity requirements, and fair pricing mechanisms. The new regulatory framework will affect how the industry operates and will create new business opportunities for compliance lawyers, forming a template for tokenized finance regulation in the Asia-Pacific region.
ChainNewsAbmedia15m ago
World Upgrades World ID to Full-Stack Proof-of-Human Protocol Spanning 160 Countries
World has launched an upgraded World ID protocol for secure digital verification in various sectors. It enhances privacy and supports AI applications while managing user identities across 160 countries, verifying nearly 18 million individuals.
GateNews3h ago
Cobo Launches AI-Powered Agentic Wallet for Secure Autonomous On-Chain Transactions
Cobo has launched the Cobo Agentic Wallet, enabling AI agents to conduct on-chain transactions under user-defined controls. Utilizing Multi-Party Computation for security and incorporating Pact and Recipes protocols, it supports various operational modes for diverse risk levels.
GateNews4h ago
Pi Network issues a node upgrade warning: if you haven’t upgraded by April 27, you risk being disconnected
Pi Network has issued an official notice to node operators, requiring them to complete the mandatory upgrade of the agreement version 22.1 (v22.1) by April 27, 2026; otherwise, they face the risk of their nodes being cut off from network connectivity. According to a Pi Network announcement, this upgrade must be carried out in strict version order. Currently, the system is running on version 21.2; the next step is to upgrade to v22.1, and no versions may be skipped.
MarketWhisper5h ago
Spark's Prudent ETH Lending Strategy Proves Justified as Aave Faces Liquidity Crisis Across Multiple Chains
Spark's strategy chief defended maintaining high borrowing rates on SparkLend despite user migration to Aave, citing current market conditions. Aave is experiencing liquidity issues, raising concerns about potential bad debt if ETH prices drop significantly.
GateNews5h ago
Tether: USDT transfer resumed, suspension during the rsETH incident investigation has been lifted
Tether and the LayerZero team’s all-chain stablecoin project USDT0 posted on the X platform on April 20. The USDT0 transfer function has been restored to normal, and overall system integrity has not been affected. There has been no change in risk exposure, and all transactions in progress prior to the suspension have been settled. Previously, USDT0, for precautionary purposes, paused the USDT0 OFT cross-chain bridge infrastructure during the rsETH incident investigation.
MarketWhisper5h ago
