The crypto subsidiary of the French banking colossus Societe Generale-FORGE, SG-FORGE, has partnered with Bitpanda to expand the availability of its EUR CoinVertible (EURCV) stablecoin.
The firms stated in a joint announcement that the objective is to broaden the adoption of stablecoins throughout Europe by listing EURCV on Bitpanda’s broker platform, thereby increasing its accessibility to a broader range of investors.
The stablecoin is backed by Euros issued on the Ethereum public blockchain and adheres to the EU’s Markets in Crypto-Assets (MiCA) regulations.
Initiative to Enhance the Adoption of Digital Assets in Europe
SG-FORGE stated that its partnership with Bitpanda indicates a mutual dedication to promoting the use of digital assets, particularly stablecoins, in Europe.
The stablecoin, EURCV CoinVertible, was listed by the French bank on the Bitstamp crypto exchange, headquartered in Luxembourg, in December.
Jean-Marc Stenger, CEO of SG-FORGE, stated, “We are dedicated to providing European users with a digital asset that is stable, secure, and accessible for trading, settlement, and storing value.”
EURCV will be utilized in cross-border payments, remittances, and daily transactions throughout Europe by implementing Bitpanda’s infrastructure.
Stablecoins offer price stability, enabling users to engage in the digital economy without the volatility of cryptocurrencies.
