BCB Strikes Deal with SocGen–FORGE to Distribute Euro-Pegged Stablecoin EURCV

EURCoinVertible (EURCV) is one of the first stablecoins to comply with the EU’s Markets in Crypto Assets (MiCA) framework, which came into effect earlier this year.

What to know:

  • BCB will distribute Societe Generale-Forge’s euro-linked stablecoin EURCV.
  • Euro-denominated stablecoins can reduce the cost of cross-border money transfers by as much as 80%, according to Jerome Prigent, managing director of BCB Europe.

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Written by
Sam Shrager