In this post. SG Forge has deployed stablecoin EURCV on the Solana network.
More and more stablecoins are being integrated into the #Solana network due to the speed and cheapness of transactions.
EURCV has not been very popular, but MiCA could change that.
SG Forge, the cryptocurrency division of Societe Generale Bank, is launching stablecoin EUR CoinVertible (EURCV) on the Solana #blockchain . In a press release, the French company said that EURCV will be compliant with regulatory requirements and provide users with more convenient and faster access to the network's decentralized financial ecosystem.
This move makes Solana the second network to integrate EURCV, following its launch on #Ethereum last year. According to the company, the launch of EURCV on Solana will allow institutional and retail users to access EURCV on a more scalable network.
the press release also highlights the benefits users will get from using stablecoin EURCV on Solana, noting that it will provide ultra-low fees, lightning-fast trading and improved scalability.
The integration of EURCV on Solana is expected to attract institutional and retail users, with SG Force noting that the integration will increase the availability of stable coins in the #DeFi ecosystem and create new opportunities for all DeFi users.
Nick Dukoff, head of institutional growth at the Solana Foundation, also said that the integration is a welcome addition to the Solana ecosystem, and that the introduction of EURCV, a MiCA-compliant stablecoin, into Solana will provide a powerful new opportunity for users looking for speed, efficiency and stability. He noted.
The emergence of EURCV in Solana underscores the growth of the network's stable coin ecosystem in recent months: according to Defillama, the total Solana stable coin market is around USD3.79 billion and has fallen by 2.26% in the past seven days.
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