The post Societe Generale to List Euro-Linked Stablecoin EURCV on Bitpanda, Targeting European Investors appeared on BitcoinEthereumNews.com.

Societe Generale to List Euro-Linked Stablecoin EURCV on Bitpanda, Targeting European Investors Societe Generale, one of France’s leading banks, has announced a collaboration with Austrian crypto exchange Bitpanda to list its euro-denominated stablecoin, EUR CoinVertible (EURCV), according to Cointelegraph. The listing is part of Societe Generale’s broader strategy to promote EURCV to European investors by leveraging Bitpanda’s extensive trading platform. The partnership involves Societe Generale-FORGE, the bank’s blockchain subsidiary, which has been at the forefront of the bank’s foray into digital currencies. The listing on Bitpanda will allow European traders to access a stable, euro-backed digital asset that complies with the EU’s Markets in Crypto-Assets (MiCA) regulations. A Strategic Partnership for EURCV’s Market Expansion The listing of EUR CoinVertible (EURCV) on Bitpanda is a significant step for Societe Generale, as it expands its presence in the cryptocurrency market and reaches a broader base of European investors. With Bitpanda being one of Europe’s most prominent crypto exchanges, this collaboration will provide EURCV with a robust platform for liquidity and trading volume. EURCV is designed to offer euro-backed stability in the often volatile cryptocurrency space. By listing on Bitpanda, the stablecoin can serve as a trusted digital currency for European users looking for a reliable asset tied to the euro. EURCV: Compliant with EU’s MiCA Regulations Societe Generale-FORGE developed EURCV with the goal of adhering to the EU’s upcoming MiCA regulations, which establish a comprehensive legal framework for digital assets within the European Union. EURCV aims to set a new standard for stablecoins in the European market by ensuring compliance with MiCA’s stringent requirements for transparency, reserves, and consumer protection. By introducing a MiCA-compliant stablecoin, Societe Generale is positioning EURCV as a reliable and secure alternative for European investors who seek to engage in the crypto market with confidence in its regulatory…

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Filed under: News - @ September 25, 2024 4:25 pm