SG-FORGE Chooses the Stellar Network to Deploy its Stablecoin
General Society-FORGE (SG-FORGE ) announces the launch of its EUR CoinVertible (EURCV) stablecoin on the Stellar network. This development will provide users and businesses new opportunities to access a secure, transparent, and scalable euro stablecoin powered by the Stellar blockchain infrastructure.
This move combines the assurance of the regulatory framework on crypto-asset markets (MiCA) with the robust infrastructure of the Stellar network, marking a step in the evolution of digital assets in Europe:
- MiCA Compliance: EURCV stablecoin is one of the first Euro stablecoins to comply with MiCA regulations, providing security and transparency to users;
- Integration with the Stellar network: EURCV will be based on the fast, scalable and cost-effective Stellar blockchain technology, improving its utility for cross-border financial transactions and applications;
- Expanded Accessibility: By joining the Stellar ecosystem, the EURCV stablecoin will have access to a diverse network of financial institutions, asset managers and traditional finance (TradFi) players already connected to the network.
Deployment on Stellar is driven by several key technical advantages:
- High adaptability: its architecture allows thousands of operations per second to be performed, guaranteeing the processing of large volumes of transactions on the stablecoin;
- Speed: Transactions on Stellar typically complete within seconds, which is essential for real-time financial applications;
- Low transaction costs: Transactions cost a fraction of a cent, making it ideal for micropayments and cross-border transfers;
- Asset Tokenization Support: Stellar’s robust tokenization capabilities align perfectly with the issuance needs of SG-FORGE’s EURCV stablecoin.
The features of the Stellar network – including its decentralized exchange system facilitating transactions between end users across many crypto assets – and its support for asset tokenization will allow EUR CoinVertible to be used seamlessly across various financial applications and services.
“Stellar’s approach and the links established with asset managers and traditional financial institutions fit perfectly into our approach aimed at a broader adoption of stablecoins within the financial system,” said Guillaume Chatain, Chief Commercial Officer of Société Générale-FORGE.
“By combining Stellar’s powerful blockchain technology with a trusted MiCA-compliant stablecoin, users have an efficient way to store and transfer value across borders, facilitating the adoption of this new form of money by individuals and businesses,” added Denelle Dixon, CEO of Stellar Development Foundation.
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