Societe Generale's Crypto Division Introduces Euro Stablecoin on Ethereum

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Societe Generale's Crypto Division Introduces Euro Stablecoin on Ethereum
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.SocieteGenerale's crypto division, SG Forge, has introduced a stablecoin pegged to the euro on the Ethereum blockchain. By JamieCrawleyCD.

Societe Generale's crypto division, SG Forge, has introduced a stablecoin pegged to the euro on Ethereum, saying it is the first such asset deployed on a public blockchain.

EUR CoinVertible will be offered to institutional clients as a means of bridging the gap between traditional capital markets and digital assets,SG Forge said it is addressing increasing demand from clients for a robust settlement asset for on-chain transactions, as well as a means for on-chain liquidity funding and refinancing., it trades on the bank's internal Onyx network, not a public blockchain.

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