SocGen Crypto Arm Partners with Bitpanda to Expand EURCV Stablecoin Adoption

SocGen Crypto Arm Partners with Bitpanda to Expand EURCV Stablecoin Adoption

Societe Generale’s crypto subsidiary, SG-FORGE, has teamed up with Bitpanda to boost the reach of its stablecoin, EUR CoinVertible (EURCV), in Europe. This collaboration aims to enhance the accessibility of stablecoins by listing EURCV on Bitpanda’s platform, making it more available to investors.

EURCV, fully backed by the Euro and issued on the Ethereum blockchain, complies with the EU’s Markets in Crypto-Assets (MiCA) regulations. SG-FORGE’s partnership with Bitpanda is part of a broader effort to promote digital asset adoption across Europe, particularly focusing on the utility of stablecoins.

The stablecoin will be utilized for a variety of purposes, including daily transactions, cross-border payments, and remittances within Europe. This move allows users to benefit from the stability of a Euro-backed asset without the volatility of traditional cryptocurrencies, offering a reliable option for trading, payments, and value storage.