SG Forge to Launch Euro Stablecoin on Solana Blockchain

According to Odaily, SG Forge, a subsidiary of Société Générale, has announced the launch of its euro stablecoin, EUR CoinVertible (EURCV), on the Solana blockchain. Previously, EURCV was issued on the Ethereum blockchain last year as a highly regulated euro alternative to dollar stablecoins like Tether and Circle. However, its performance on Ethereum has been underwhelming. Data from Etherscan shows that EURCV currently has only 28 holders, 154 transaction records, and a total issuance of 33 million euros. SG Forge aims to test the demand for a euro stablecoin on a faster and more cost-effective network by issuing EURCV on Solana.