Societe Generale-FORGE expands EURCV euro stablecoin to Stellar blockchain under MiCA rules

Societe Generale-FORGE has deployed its MiCA-compliant EUR CoinVertible (EURCV) euro stablecoin on the Stellar network as part of a multichain strategy. The token, first launched on Ethereum in April 2023 and later added to the XRP Ledger and Solana, is backed one-to-one by deposits and high-quality liquid assets and currently has a market cap of about $452 million.