According to BlockBeats, on September 20, Coindesk reported that SG Forge, a subsidiary of French financial services company Societe Generale, will launch the euro stablecoin EUR CoinVertible (EURCV) on the Solana blockchain.

SG Forge launched EURCV on the Ethereum blockchain last year as a strictly regulated, euro-centric alternative to top dollar-pegged stablecoins such as Tether and Circle. But the data is not good - EURCV has only 28 holders, 154 transactions, and 33 million issued on Ethereum.

SG Forge CEO Jean-Marc Stenger said in a press release that Solana’s speed “will open up new possibilities for both retail and institutional players in the decentralized finance (DeFi) space.”