EUR CoinVertible (EURCV), the first euro-pegged stablecoin, was released by Société Générale, the third-largest bank in France, marking a significant milestone in the banking industry. This new achievement heralds the beginning of a new age in the landscape of stablecoins in Europe, marking a key milestone in the integration of conventional finance (tradFi) and digital assets.
In an effort to close the gap that exists between conventional capital markets and digital assets, Société Générale’s cryptocurrency branch, SG Forge, has created EURCV. Our goal is to bridge the gap. Its value extends beyond the platform that Société Générale provides since it is meant to make it easier to conduct transactions involving digital bonds, funds, and other sorts of assets. Because of its versatility, it has the potential to become an indispensable instrument for a wide variety of financial service providers by default. Axa Investment…
