Societe Generale-FORGE’s euro stablecoin, EUR CoinVertible (EURCV), went live on the Stellar network, extending the token’s reach beyond Ethereum, Solana, and the XRP Ledger. The launch adds a MiCA-compliant euro stablecoin to a blockchain built for low-cost, high-throughput payments, giving institutional users another venue for regulated euro-denominated activity on-chain.
The expansion is significant for corporate treasury teams and institutional payment flows because it combines regulatory compliance and one-to-one backing with infrastructure tailored to cross-border transfers. By bringing EURCV to Stellar, SG-FORGE is aligning a regulated euro token with a network designed for fast settlement and broad financial connectivity.
Why Stellar fits the institutional rollout
Stellar’s appeal in this context is largely operational. The network is built to finalize transactions in seconds and support high transaction volumes in near real time, a profile that can matter for treasury operations handling large or time-sensitive payment flows.
Cost is another part of the equation. Stellar’s transaction fees are only a fraction of a cent, lowering the overhead for micropayments and bulk cross-border transfers compared with higher-cost networks. That makes the chain especially relevant for payment-heavy use cases where efficiency matters as much as settlement speed.
The network also offers infrastructure beyond simple transfers. Stellar supports tokenization and includes a built-in decentralized exchange that can help facilitate liquidity and automated settlement for euro-denominated on-chain flows. That gives EURCV a potentially broader utility layer than pure issuance alone.
A phased multichain strategy for EURCV
SG-FORGE presents EURCV as fully backed 1:1 by bank deposits or high-quality securities, with issuance handled through its licensed Electronic Money Institution structure. The stablecoin’s rollout has followed a deliberate sequence, beginning on Ethereum in April 2023, expanding to Solana around June 2025, moving to the XRP Ledger in mid-February 2026, and now reaching Stellar on March 10, 2026.
The company described the Stellar deployment as part of a broader multichain strategy built around different institutional use cases. Ethereum is positioned for wider DeFi composability, XRPL for cost-efficient high-volume payments, and Stellar for low-cost cross-border settlement and connectivity with traditional finance networks. That framing suggests the rollout is less about duplication and more about network specialization.
Guillaume Chatain, Chief Revenue Officer at SG-FORGE, said Stellar’s approach and its established links with asset managers and TradFi institutions fit the company’s objective of driving broader stablecoin adoption in the financial system. The message from SG-FORGE is that network choice should match the operational needs of institutional users rather than follow a one-chain-fits-all model.
The Stellar launch broadens distribution for euro-denominated liquidity and may reduce friction for institutions seeking regulated euro settlement rails. EURCV’s MiCA compliance and one-to-one backing are intended to address the counterparty and regulatory concerns that have limited adoption of native euro stablecoins, positioning the token as a regulated alternative in a market still dominated by dollar-pegged assets.
The key indicators will be issuance growth, custodial integration, and real adoption by asset managers and payment providers. Those metrics will show whether SG-FORGE’s multichain strategy can materially deepen euro liquidity on-chain and narrow the practical gap with established dollar stablecoins.
