The post SG-Forge Launches MiCA-Compliant Euro Stablecoin on Stellar in France appeared on BitcoinEthereumNews.com.

SG-Forge launches MiCA-compliant EURCV stablecoin on Stellar, enhancing secure, fast, and low-cost digital euro transactions for businesses and individuals in France. SG-Forge, a subsidiary of Société Générale, has taken a major step in digital finance by launching its euro-backed stablecoin, EURCV. The official release confirms that this stablecoin satisfies all European Union’s Markets in Crypto-Assets (MiCA) regulations requirements. This product provides businesses and individuals with a digital asset with secure operations and full transparency while maintaining reliability. Several fundamental technological strengths led to the launch of EURCV on the Stellar network. Transactions on Stellar operate at a fast pace since they process payments through the network within only a few seconds. The network allows processing up to thousands of transactions each second, which makes it suitable for high-scale operations. The system needs this capability to handle payments at a high rate. Stellar operates at minimal transaction fees that work well for cross-border payments together with small payments. Stellar provides asset tokenization capabilities that match SG-Forge’s goals to develop digital finance. MiCA-Compliant EURCV Stablecoin to Enhance Cross-Border Transactions EURCV integration into the Stellar ecosystem enables SG-Forge to establish connections with various financial institutions, asset managers along with traditional finance entities (TradFi). Adding stablecoins to mainstream banking operations should become more prevalent since this development occurs. The availability of a regulated digital euro through this platform enables both businesses and individuals to gain easier access to it. Chief Revenue Officer, Guillaume Chatain at SG-Forge, emphasized the critical nature of this launch initiative. He explained that Stellar helps their adopted financial system by enabling them to advance stablecoin adoption through their partnership. CEO of the Stellar Development Foundation Denelle Dixon discussed how this alliance delivers multiple advantages. The powerful blockchain technology from Stellar along with a MiCA-compliant stablecoin, makes digital payments more efficient…

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Filed under: News - @ February 21, 2025 7:25 pm