Societe Generale-Forge (SG-Forge), the digital asset arm of French banking and financial services firm Societe Generale, has launched a euro-pegged stablecoin called EUR CoinVertible. The stablecoin is only available to institutional qualified investors through eligible market platforms and has been designed to bridge the gap between traditional capital markets and the digital assets ecosystem. SG-Forge said that the stablecoin complies with major market standards and has been developed in line with the upcoming European digital assets regulations known as the Markets in Crypto-Assets framework. The firm hopes that stablecoins built under a banking-grade structure will increase trust and confidence in the native crypto ecosystem.
(By HELEN PARTZ)
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