Key Notes

Key Notes:

The strategic partnership leverages Stellar’s $450M real-world asset infrastructure to expand institutional stablecoin adoption in European markets.SG-Forge’s MiCA-compliant status and EMI license position EURCV for seamless integration with traditional financial institutions.Stellar network’s low transaction costs and high scalability complement EURCV’s existing presence on Solana and Ethereum chains.

The Societe Generale-Forge, a highly regulated France-based financial service institution with a huge presence in the European market, has announced the expansion of its EUR CoinVertible (EURCV), a Euro-backed stablecoin, on the Stellar (XLM) network. The expansion of EURCV on the Stellar network is strategic for both entities in opening up new markets in the coming years.

Furthermore, the mainstream adoption of digital assets has been driven by institutional investors with the use of stablecoins as a liquidity management tool. The EURCV is already available on several other public chains, including Solana (SOL) and Ethereum (ETH).

“The arrival of Societe Generale-FORGE EUR stablecoin on the Stellar network represents a significant step forward in the evolution of digital payments. By combining the powerful blockchain technology of Stellar with a trusted MiCA-compliant stablecoin, users are offered a more efficient way to store and transfer value across borders, making it easier for individuals and businesses to adopt this new form of money,” Denelle Dixon, CEO at Stellar Development Foundation, noted.

The Stellar network has grown to a vibrant web3 blockchain, with over $61 million in total value locked and around $236 million in stablecoins market cap. Top financial institutions, led by Franklin Templeton, have tapped into the Stellar network to tokenize real-world assets (RWA) in a scalable environment.

As a result, the Stellar network has surpassed $450 million in RWA assets and projects the sector to reach around $3 billion by the end of 2025.

Furthermore, the Stellar network offers high scalability and throughput, with users enjoying low transaction costs.

“The Stellar’s approach and established connections with asset managers and TradFi institutions align perfectly with our mission to achieve broader adoption of stablecoins within the financial system,” Guillaume Chatain, Chief Revenue Officer at SG-FORGE, noted.

The strategic launch of EURCV on the Stellar Network will have a long-term impact on XLM price action. Moreover, EURCV is mainly adopted by institutional investors seeking to facilitate real-time on-chain settlement of tokenized securities.

As of this writing, the EURCV has a market cap of about $43.8 million and is fully backed by EUR in a ratio of 1:1. In 2024, SG-Forge obtained a license to operate in Europe as an Electronic Money Institution under the MiCA regulations.

Consequently, the Stellar network will heavily benefit from the rising adoption of digital assets in Europe and across the world. As Coinspeaker explained, XLM price has been trapped in a rising trend since the re-election of US President Donald Trump in 2025.

The large-cap altcoin, with a fully diluted valuation of about $17.3 billion and a 24-hour average trading volume of around $208 million, has pumped more than 250 percent since November last year to trade about $0.346 on February 20, 2025.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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