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Societe Generale's SG Forge Launches MiCA-Compliant EUR Stablecoin on Solana

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Updated Sep 22, 2024, 07:10 AM

Societe Generale's blockchain subsidiary, SG Forge, is launching its MiCA-compliant euro stablecoin, EUR CoinVertible (EURCV), on the Solana blockchain. Initially launched on Ethereum last year, EURCV has had limited adoption with just 28 holders, 154 transactions, and a total issuance of 33 million euros. The move to Solana aims to leverage the blockchain's speed and cost-effectiveness. The decision follows the rise of PayPal's PYUSD stablecoin on Solana, which saw a 230% increase in circulating supply in 30 days.

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Societe Generale's SG Forge Launches MiCA-Compliant EUR Stablecoin on Solana

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Societe Generale Launches MiCA-Compliant EUR CoinVertible Stablecoin on Solana Blockchain

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Societe Generale's SG Forge Launches MiCA-Compliant EUR Stablecoin on Solana

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