Societe Generale’s Crypto Division Introduces Euro Stablecoin on Ethereum

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

EUR CoinVertible (EURCV) will be offered to institutional clients as a means of bridging the gap between traditional capital markets and digital assets, the Paris-based bank’s unit said on its website on Thursday.

Read more: CoinDesk