Societe Generale’s Crypto Unit Migrates Its Euro Stablecoin EURCV from Ethereum to Solana

BlockBeats news, September 20, according to Coindesk, SG Forge, a subsidiary of French financial services company Societe Generale, will launch the euro stablecoin EUR CoinVertible (EURCV) on the Solana blockchain.

It is reported that SG Forge launched EURCV on the Ethereum blockchain last year as a strictly regulated, euro-centric alternative to top dollar-pegged stablecoins such as Tether and Circle. But the data is not good-EURCV has only 28 holders, 154 transactions, and 33 million issuances on Ethereum.

SG Forge CEO Jean-Marc Stenger said at a press conference that Solana's speed "will bring new possibilities for retail and institutional participants in the field of decentralized finance (DeFi)."