Societe Generale Subsidiary: To Issue Euro Stablecoin EURCV on Solana
Article is form Jinse
September 20, 2024
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SG Forge to Launch Euro Stablecoin on Solana
According to Golden Finance, Societe Generale subsidiary SG Forge announced the launch of its Euro stablecoin, EUR Coin Vertible (EURCV), on the Solana blockchain.
EURCV was initially launched on the Ethereum blockchain last year, aiming to offer a highly regulated Euro alternative to USD stablecoins like Tether and Circle. However, EURCV's performance on Ethereum has been underwhelming. Etherscan data reveals only 28 holders, 154 transactions, and a total issuance of 33 million EURCV.
SGForge hopes to test the demand for a Euro stablecoin on a faster and more cost-effective network by launching EURCV on Solana.
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