SG-FORGE and Bitpanda have joined forces: New stablecoin EUR CoinVertible for the European market

SG-FORGE and Bitpanda have joined forces: New stablecoin EUR CoinVertible for the European market

The crypto unit of French banking giant Société Générale, SG-FORGE, has announced a strategic partnership with Bitpanda, one of Europe's leading cryptocurrency providers. The move is aimed at making their stablecoin EUR CoinVertible (EURCV) available to a wider range of investors and thus promoting its adoption across Europe.

EURCV is fully backed by the euro and runs on the public Ethereum blockchain, ensuring a high level of transparency and security. The stablecoin also complies with the EU Markets in Cryptoassets Regulation (MiCA), strengthening confidence in digital assets in the European market.

Jean-Marc Stenger, CEO of SG-FORGE, stressed in a statement, "We are committed to offering European users a stable, secure and accessible digital asset for trading, settlement and value preservation." The partnership with Bitpanda reflects the common goal of both companies to promote the use of digital assets, especially stablecoins, in the European market.

Through the collaboration with Bitpanda, EURCV will be integrated onto an intermediary platform, enabling its use in everyday transactions, cross-border payments and transfers across Europe. Stablecoins like EURCV offer users the advantage of price stability, allowing them to participate in the digital economy without the usual volatility associated with traditional cryptocurrencies.

The move is another significant milestone for digital assets in Europe and shows how the banking sector and the cryptocurrency market are increasingly intertwined. With the growing opportunities presented by stablecoins, interest in digital assets in the region is expected to continue to grow.

Coingarage team