BCB has partnered with Societe Generale–FORGE to promote the euro stablecoin EURCV

ChainCatcher news, according to CoinDesk, BCB Markets (the trading division of crypto payment company BCB Group) announced a partnership with French banking giant Societe Generale's digital asset subsidiary Societe Generale--FORGE to promote its euro stablecoin EURCoinVertible (EURCV).

EURCV was launched in April 2023 and is one of the first stablecoins to meet the requirements of the EU's Markets in Crypto-Assets Regulation (MiCA). This stablecoin is backed by cash reserves and is pegged to the euro, primarily targeting institutional users, aiming to bring stability and regulatory clarity to the European stablecoin market.