Societe Generale is debuting its stablecoin on Bitstamp Wednesday.
France’s third largest bank originally unveiled EUR CoinVertible — developed by its crypto division, SG Forge — back in April. It’s the first time a regulated European bank has made a euro-pegged stablecoin available on a crypto exchange.
EURCV is issued on the Ethereum blockchain.
“With this listing, SG-FORGE offers the opportunity to the crypto ecosystem to diversify its positions and gain access to a robust, stable asset built on Societe Generale’s regulatory and structuring expertise. This is an important step towards widespread adoption of our stablecoin,” said Jean-Marc Stenger, SG-FORGE CEO, in a…
Read more on Blockworks