TechFlow news: SG Forge, a subsidiary of French bank Société Générale, announced it will launch its euro-pegged stablecoin EUR CoinVertible (EURCV) on the Solana blockchain.
EURCV was previously issued last year on the Ethereum blockchain as a heavily regulated euro-denominated alternative to dollar-pegged stablecoins like Tether and Circle.
However, EURCV has underperformed on Ethereum. According to Etherscan data, it currently has only 28 holders, 154 transactions, and an issuance volume of 33 million euros. SG Forge aims to gauge crypto users’ demand for a euro-denominated stablecoin on faster and lower-cost networks by launching EURCV on Solana.
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