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BCB has reached an agreement with a wholly-owned subsidiary of Societe Generale to promote the euro stablecoin EURCV.
On June 3, CoinDesk reported that BCB Group’s trading division, BCB Markets, announced on Tuesday that it has reached an agreement with Societe Generale–FORGE, a subsidiary of Societe Generale, to promote the euro-pegged stablecoin EURCoinVertible (EURCV) that it has developed. This move marks another step forward for fiat-pegged digital assets towards broader application, as major institutions begin to seek stablecoin alternatives outside of the US dollar.