Societe Generale-Forge Launches MiCA-Compliant Euro Stablecoin on Stellar

Societe Generale-Forge (SG-FORGE) has chosen the Stellar blockchain to launch its MiCA-compliant euro stablecoin (EURCV).

Stellar Network to Host Societe Generale-Forge’s Euro-Backed Stablecoin

Societe Generale-Forge (SG-FORGE) has expanded its multichain strategy by launching its EUR-backed stablecoin (EURCV) on the Stellar network. This marks a major step in Europe’s regulated digital asset landscape, combining compliance with the Markets in Crypto-Assets (MiCA) framework and Stellar’s high-speed, low-cost blockchain infrastructure.

As one of the first MiCA-compliant stablecoins, EURCV will offer security, transparency, and expanded financial access. The Stellar network’s scalability allows thousands of transactions per second, while its near-instant processing and minimal transaction fees make it ideal for cross-border payments and micropayments.

“Stellar’s approach and established connections with asset managers and TradFi institutions align perfectly with our mission to achieve broader adoption of stablecoins within the financial system,” stated Guillaume Chatain, Chief Revenue Officer at SG-FORGE.

By joining Stellar’s ecosystem, EURCV will connect with financial institutions, asset managers, and traditional finance players already leveraging the network. Additionally, Stellar’s built-in decentralized exchange (DEX) and asset tokenization capabilities will enable seamless integration of EURCV into financial applications.

Denelle Dixon, CEO of Stellar Development Foundation said, “The arrival of Societe Generale-FORGE EUR stablecoin on the Stellar network represents a significant step forward in the evolution of digital payments. By combining the powerful blockchain technology of Stellar with a trusted MiCA-compliant stablecoin, users are offered a more efficient way to store and transfer value across borders.”

SG-FORGE’s decision underscores Stellar’s growing role in regulated digital finance, positioning EURCV as a key stablecoin for the European market.

21.02.2025

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