BCB Markets Partners with Societe Generale–FORGE to Distribute EURCV Stablecoin
BCB Markets has partnered with Societe Generale–FORGE to distribute EURCoinVertible (EURCV), a euro-linked stablecoin. This agreement supports the growing adoption of fiat-linked digital assets beyond the U.S. dollar.
- EURCV, launched in April 2023, complies with the EU’s Markets in Crypto Assets (MiCA) framework.
- The stablecoin is backed by cash reserves and pegged to the euro, aimed at institutional use for stability and regulatory clarity.
- BCB's clients can utilize EURCV for faster, cheaper cross-border transactions.
- Euro-denominated stablecoins could lower cross-border transfer costs by up to 80% without using the dollar.
- The partnership enhances EURCV’s role as a payment method across various regions, including the Middle East, Africa, and Latin America.
This announcement coincides with the rise of regulated stablecoins in Europe under MiCA, which introduces new standards for transparency and licensing.