The EURCV stablecoin issued by Societe Generale's SG Forge has seen its market cap grow by approximately $5.6 million, making it the second-fastest growing euro-denominated stablecoin. Currently valued between $140 million and $180 million, EURCV trails only Circle's EURC in the euro stablecoin market. Launched in 2023, it is one of the first bank-issued euro digital assets, deployed on Ethereum and Solana, and fully compliant with the EU's MiCA regulation. The token is used for cross-border payments, tokenized asset settlement, and DeFi integration, aiming to provide euro-native infrastructure for digital finance in the eurozone.
Techub News reports that EURCV, the stablecoin from Societe Generale’s SG Forge, has recently added roughly $5.6 million to its market capitalization. That pushed it into the No. 2 spot among the fastest-growing euro-denominated stablecoins. Right now, the token’s market cap is estimated at between $140 million and $180 million, putting it second in the euro stablecoin market behind Circle’s EURC.
EURCV went live in 2023. Early start. It remains one of the first bank-issued euro digital assets. The token operates on the Ethereum and Solana blockchains and fully complies with the EU’s MiCA regulatory framework. It is used mainly for cross-border payments, settlement of tokenized assets, and DeFi integration. The goal is simple: offer euro-native infrastructure for digital finance across the eurozone.
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