Societe Generale to Launch Euro-Pegged Stablecoin on Bitstamp Exchange
Société Générale, one of France’s largest banks, is set to launch a Euro-pegged stablecoin called EUR CoinVertible (EURCV) on the Bitstamp crypto exchange. The stablecoin, built on the Ethereum blockchain, will have its reserves fully backed by cash reserves and high-quality securities. This move by Société Générale reflects the growing trend of traditional financial institutions […]