Societe Generale-FORGE Expands EURCV Stablecoin to Stellar

The push by traditional financial institutions into blockchain infrastructure continues to accelerate as banks experiment with regulated digital currencies.

Bank-Issued Stablecoin Expands to the Stellar Network

One of the latest developments comes from Société Générale, the digital asset arm of Société Générale‑FORGE, which has launched its euro-denominated stablecoin, EUR CoinVertible (EURCV), on the Stellar blockchain, marking another step in the bank’s multichain digital asset strategy. According to the company, the deployment adds Stellar to a list of networks already supporting the token, including Ethereum and other blockchain networks explored as part of its multichain strategy and expands a multichain strategy outlined in 2025. 

EURCV was first introduced in April 2023 as a euro-pegged stablecoin designed to maintain a 1:1 value with the euro and backed by fiat reserves held in banking infrastructure. The token was developed to bridge traditional financial systems with blockchain-based settlement and digital asset markets.

By extending the token to Stellar, SG-FORGE aims to broaden the stablecoin’s accessibility for institutions and financial platforms that rely on faster and lower-cost blockchain transactions. The move supports a range of blockchain-based financial activities, including payments, tokenised assets, and financial applications that rely on programmable money. 

Multichain Strategy Signals Institutional Blockchain Expansion

The integration with Stellar highlights Société Générale-FORGE’s broader strategy to expand EURCV across multiple networks rather than concentrating liquidity on a single chain. SG-FORGE cited that Stellar was selected due to its fast settlement speeds and low transaction costs.

According to industry observers, the integration offers access to a blockchain ecosystem that includes payment providers, fintech companies, and asset tokenisation platforms. The network combines specialised payment infrastructure with emerging smart-contract programmability.

SG-FORGE’s approach reflects a growing trend among financial institutions exploring how stablecoins might integrate with both decentralised networks and traditional financial infrastructure. 

Data Shows Growing Institutional Stablecoin Activity

The EURCV stablecoin has gradually expanded since its initial launch as part of Société Générale’s broader digital asset strategy. Here are some key points highlighting the institutional scope behind the EURCV rollout:

• EURCV was first issued in April 2023 by SG-FORGE.
• The stablecoin is euro-pegged and backed by fiat reserves.
• Circulating supply is estimated at around $40–50 million.
• designed to comply with the EU’s Markets in Crypto-Assets (MiCA) framework.
• SG-FORGE holds licences as an electronic money institution and digital asset service provider in France.

The launch of EURCV on Stellar underscores how traditional financial institutions are gradually building blockchain-based payment and settlement infrastructure rather than relying solely on external crypto issuers.

The evolution of regulated stablecoins may become closely tied to the development of tokenised financial markets. The Stellar deployment signals a broader institutional step to bring regulated financial instruments onto blockchain networks.