EURCV is an ERC20 token backed by and redeemable for fiat currency.
Societe Generale FORGE, a subsidiary of the 159-year-old French banking group Societe Generale, is releasing EUR CoinVertible (EURCV) a stablecoin connected to the Euro released on the Ethereum blockchain, according to a brand-new post by crypto exchange Bitstamp.
BRAND-NEW! We’re the very first exchange to note $EURCV!
EUR CoinVertible is Societe Generale-FORGE’s ingenious stablecoin, going for stability and security in the unstable world of digital properties.
You can begin trading it on Bitstamp today.
Dive in for more information: … pic.twitter.com/Lt98ysjfeo
— Bitstamp (@Bitstamp) December 6, 2023
EURCV is an ERC20 token, created to offer a low volatility cryptocurrency that keeps a steady worth equivalent to the Euro. The stablecoin is backed by money deposits and money equivalents denominated in EUR.
Societe Generale mentions that robust legal structures remain in location to guarantee the partition and schedule of reserve possessions to token holders.
Crypto exchange Bitstamp is opening order books for the EURCV/USDT and EURCV/EUR trading sets. Flowdesk, a crypto market maker, has actually been picked to offer liquidity and active market-making for EURCV on Bitstamp and other exchanges.
