- SG-FORGE plans to expand EURCV stablecoin to Stellar blockchain, following its initial Ethereum launch.
- Current EURCV market cap stands at €41 million, with four wallets holding 90% of tokens.
- Franklin Templeton maintains strong presence on Stellar with €392 million in BENJI tokens.
- SG-FORGE is among ten approved European stablecoin issuers, with three based in France.
- Future expansion plans include integration with Solana and XRP Ledger platforms.
Societe Generale FORGE (SG-FORGE) announces plans to launch its MiCAR-compliant EURCV stablecoin on the Stellar blockchain network, expanding beyond its current Ethereum deployment. The move represents a strategic push to broaden the stablecoin’s accessibility across multiple blockchain platforms.
“Our upcoming integration with Stellar represents a pivotal moment in bridging traditional finance with the digital asset ecosystem,” states Guillaume Chatain, Chief Revenue Officer at SG-FORGE. The expansion aligns with the company’s strategy to enhance stablecoin adoption within traditional financial systems.
The Stellar blockchain, created by a former Ripple founder, has established itself as a payments-focused network. Its historical significance includes powering IBM‘s World Wire, an early attempt at creating a global bank payment network. While that initiative proved premature, Stellar has since gained traction with institutional players.
Franklin Templeton exemplifies Stellar’s institutional appeal, with approximately €392 million worth of BENJI tokens (FOBXX) operating on the network. The asset manager’s presence spans 870 clients, with Stellar Hosting nearly two-thirds of its total blockchain operations despite recent expansion to six additional networks.
EURCV’s current market metrics reveal room for growth, with a €41 million market capitalization. The concentration of holdings shows four wallets controlling over 90% of the supply, with three wallets holding €25 million remaining largely inactive. The multi-chain strategy mirrors successful approaches seen with Paypal‘s stablecoin and Franklin Templeton’s BENJI token.
As one of ten authorized European stablecoin issuers, SG-FORGE operates alongside notable entities including Circle in France, Banking Circle in Luxembourg, and Membrane Finance in Finland. This regulatory compliance positions EURCV advantageously in the evolving European digital asset landscape.
The planned expansion to Stellar, combined with future deployments on Solana and the XRP Ledger, demonstrates SG-FORGE’s commitment to increasing EURCV’s utility and accessibility across the digital asset ecosystem.
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