{"id":29907,"date":"2025-06-03T07:31:56","date_gmt":"2025-06-03T07:31:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29907"},"modified":"2025-06-03T07:31:56","modified_gmt":"2025-06-03T07:31:56","slug":"bcb-strikes-deal-with-socgen-forge-to-distribute-euro-pegged-stablecoin-eurcv","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29907","title":{"rendered":"BCB Strikes Deal with SocGen\u2013FORGE to Distribute Euro-Pegged Stablecoin EURCV"},"content":{"rendered":"<div>\n<p>BCB Markets, the trading arm of crypto payments firm BCB Group, has inked an agreement with Societe Generale\u2013FORGE to distribute EURCoinVertible (EURCV), a euro-linked stablecoin developed by the French banking giant\u2019s digital asset subsidiary, the company said in a press release on Tuesday.<\/p>\n<p>The move marks another step toward broader adoption of fiat-linked digital assets, as institutions look for stablecoin alternatives beyond the U.S. dollar.<\/p>\n<p>Launched in April 2023, EURCV is among the first stablecoins to comply with the European Union\u2019s Markets in Crypto Assets (MiCA) framework, which came into effect this year, BCB said.<\/p>\n<p>Backed by cash reserves and pegged to the euro, EURCV is intended for institutional use and aims to bring stability and regulatory clarity to the stablecoin space in Europe.<\/p>\n<p>\u201cThe stablecoin market is dominated by dollar-pegged coins, which is useful for many, but we believe the euro deserves a native, regulated digital representation,\u201d said Jerome Prigent, managing director of BCB Europe, in the release.<\/p>\n<p>BCB said the partnership would allow its clients, ranging from crypto-native firms to traditional financial institutions, to leverage EURCV for faster and cheaper transactions, particularly in cross-border payments.<\/p>\n<p>Prigent noted that the appeal of euro-denominated stablecoins could stretch beyond the continent, as businesses in emerging markets across the Middle East, Africa and Latin America are actively exploring alternatives to U.S. dollar-linked tokens for remittances and trade.<\/p>\n<p>Euro-denominated stablecoins can reduce the cost of cross-border money transfers by as much as 80%, without the need to route payments through the dollar, Prigent added.<\/p>\n<p>\u201cThe collaboration with BCB Markets supports the EURCV stablecoin expansion as an effective means of payment across various geographies and use cases,\u201d Jean-Marc Stenger, CEO of Societe Generale\u2013FORGE, said in the release.<\/p>\n<p>The announcement comes as regulated stablecoins gain momentum in Europe under MiCA, which sets new standards for transparency, reserve management, and licensing for issuers.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/05\/03\/like-spitting-on-a-fire-tether-ceo-slams-eu-deposit-protections-amid-bank-failure-warnings\"><span style=\"text-decoration:underline\">\u2018Like Spitting on a Fire\u2019: Tether CEO Slams EU Deposit Protections Amid Bank Failure Warnings<\/span><\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BCB Markets, the trading arm of crypto payments firm BCB Group, has inked an agreement with Societe Generale\u2013FORGE to distribute EURCoinVertible (EURCV), a euro-linked stablecoin developed by the French banking giant\u2019s digital asset subsidiary, the company said in a press release on Tuesday. The move marks another step toward broader adoption of fiat-linked digital assets, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29907","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29907"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29907\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}