Thursday, Société Générale-Forge (SG-Forge) announced that it would deploy its stablecoin Euro EURCV on Stellar (XLM). What are the reasons that motivate this choice?
The EURCV will launch on Stellar (XLM)
If the Stellar project (XLM) seems to have been a fashion for several years now, it is indeed the new network chosen by Société Générale-Forge (SG-Forge) To deploy its stablecoin leaning against the Euro, the EURCV.
Indeed, the bank boasts 4 qualities for this blockchain, namely its high adaptability, its speed, the low cost of its transactions, as well as its capacities in terms of asset tokenization. After Ethereum (ETH) and Solana (soil), it is therefore a 3rd network which is added to those on which it is possible to find the EURCV.
💡 What are the main Euro stables on the market?
For Guillaume Chatain, the commercial director of SG-Forge, this is an opportunity to strengthen porosities between traditional finance and digital active ingredients:
Our next integration on Stellar represents a pivotal moment in bringing traditional finance and the digital asset ecosystem. Stellar's approach and the links established with asset managers and traditional finance institutions are perfectly written in our approach aimed at a broader adoption of stablecoins within the financial system.
When writing these lines, The EURCV is positioned as the 3rd Stablecoin backed by the market Eurowith a capitalization of more than 41 million euros. In addition, the asset complies with the Mica pane on the stablecoins.
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Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.
Vincent Mayor
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