Societe Generale-Forge Launched Euro-backed Stablecoin On Stellar Network

Key Points:

• Societe Generale-Forge has expanded EURCV to the Stellar blockchain to increase accessibility and compliance with the EU’s MiCA regulations.
• The integration strengthens EURCV’s utility for cross-border transactions and asset tokenization with growing institutional interest in blockchain technology.

Societe Generale-Forge, a regulated investment firm and subsidiary of Societe Generale Group, has launched its euro-backed stablecoin, EURCV, on the Stellar blockchain network.

The move expands the accessibility of the stablecoin while reinforcing compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulations.

Societe Generale-Forge Expands EURCV Stablecoin to Stellar

The expansion of EURCV onto Stellar offers users and businesses a secure, scalable, and transparent digital asset solution. By selecting Stellar, Societe Generale-Forge taps into an established ecosystem that includes financial institutions, asset managers, and traditional finance entities.

EURCV was initially launched on the Ethereum blockchain in April 2023 as one of the first euro stablecoins to fully comply with MiCA regulations. The Stellar deployment builds on this foundation, providing an additional route for individuals and businesses to engage with digital assets under a regulated framework.

Future Plans and Strategic Blockchain Initiatives

The adoption of Stellar’s infrastructure also benefits the broader decentralized finance (DeFi) and Web3 space. The integration is expected to enhance the utility of Stellar’s native asset, XLM, while also playing a role in asset tokenization.

Tokenization, which involves the digital representation of real-world assets on a blockchain, is gaining traction as major financial players such as BlackRock, Fidelity Investments, and Franklin Templeton explore its potential.

Societe Generale-Forge, established in 2018, specializes in blockchain-based financial solutions for institutional clients. The firm has been actively expanding its presence in the digital asset space, having previously announced plans to launch EURCV on the XRP Ledger in 2025.

In December 2024, Societe Generale successfully conducted a test repo transaction using Banque de France’s Central Bank Digital Currency (CBDC) on the Ethereum blockchain.