France's Largest Bank Will Use Ripple Twin for Approved Coin! - Coin Bulletin

France's largest bank announced that it has expanded its own issued MiCA-compatible stablecoin to a new altcoin

SG-Forge, a subsidiary of Société Générale, one of France's largest commercial banks, has expanded its issued MiCA-compliant Euro stablecoin EURCV to the Stellar (XLM) network. With this move, SG-Forge aims to leverage Stellar's scalability, fast transaction execution, and low cost advantages.

Stellar network enables decentralized transactions with many cryptocurrencies among end users thanks to its built-in decentralized exchange.

In addition, thanks to its infrastructure that supports asset tokenization, EURCV CoinVertible will be able to seamlessly integrate with a variety of financial applications and services.

SG-Forge Revenue Manager Guillaume Chatain stated, "Our integration with Stellar will establish a significant bridge between traditional finance and the digital asset ecosystem. Stellar's connections with asset managers and traditional financial institutions align perfectly with our mission to promote broader adoption of stablecoins in the financial system."

Stellar Development Foundation CEO Denelle Dixon said, "The arrival of SG-Forge's EUR stablecoin on the Stellar network is a significant step in the evolution of digital payments. By combining Stellar's powerful blockchain technology with a reliable MiCA-compliant stablecoin, we are making cross-border value storage and transfer operations more efficient. This will make it easier for individuals and businesses to embrace this new form of currency."

The stablecoin in question was issued and listed by the bank in late 2023.