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French banking giant SocGen’s unit to expand its euro-backed stablecoin to Stellar – TON BOT

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French banking giant SocGen’s unit to expand its euro-backed stablecoin to Stellar

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French lender Societe Generale’s unit SG-FORGE launched its euro-backed stablecoin, EUR CoinVertible (EURCV), on the Stellar blockchain to comply with EU regulations. The move aims to provide businesses with a secure digital euro option. EURCV was initially on Ethereum and will benefit from Stellar’s fast and low-cost transactions.

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