{"id":87951,"date":"2023-12-07T11:56:39","date_gmt":"2023-12-07T09:56:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87951"},"modified":"2025-09-13T14:59:23","modified_gmt":"2025-09-13T11:59:23","slug":"bitstamp-lists-eur-coinvertible-stablecoin-from-societe-generale","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitstamp-lists-eur-coinvertible-stablecoin-from-societe-generale\/","title":{"rendered":"Bitstamp lists EUR CoinVertible stablecoin from Societe Generale"},"content":{"rendered":"<p>On the Luxembourg-based Bitstamp exchange, the EUR CoinVertible stablecoin was listed. Its issuer is the third-largest bank in France, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">? NEW! We\\&#8217;re the first exchange to list <a href=\\\"https:\/\/twitter.com\/search?q=%24EURCV&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$EURCV<\/a>!<\/p>\n<p>EUR CoinVertible is Societe Generale-FORGE\\&#8217;s innovative stablecoin, aiming for stability and safety in the volatile world of digital assets. ?<\/p>\n<p>You can start trading it on Bitstamp today.<\/p>\n<p>Dive in for more details:\u2026 <a href=\\\"https:\/\/t.co\/Lt98ysjfeo\\\">pic.twitter.com\/Lt98ysjfeo<\/a><\/p>\n<p>\u2014 Bitstamp (@Bitstamp) <a href=\\\"https:\/\/twitter.com\/Bitstamp\/status\/1732360966354928004?ref_src=twsrc%5Etfw\\\">December 6, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>According to representatives of the financial institution, the asset is fully euro-backed.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p>\\n<cite>&#8220;The crypto ecosystem is largely concentrated on a few existing stablecoins, 90% of which are denominated in US dollars [\u2026]. We certainly believe that there is room in this space for a bank as well as for a euro-based stablecoin,&#8221; said Jean-Marc Stenger, head of Forge\\&#8217;s digital assets division, in an interview with <a href=\\\"https:\/\/www.ft.com\/content\/cd733a7c-2e74-412f-b234-6f495c118cc6\\\">FT<\/a>.<\/cite><\/p><\/blockquote>\n<p>He expressed hope that the \\&#8221;stablecoin\\&#8221; will be used for settlements on bond trades and other assets, as financial institutions study digital registries.<\/p>\n<p>Stenger emphasised that the stablecoin was created in accordance with <a href=\"https:\/\/forklog.com\/en\/news\/eu-council-finalises-mica-bill-text\">MiCA norms<\/a>. Accordingly, access to EUR CoinVertible is restricted to investors in the Soci\u00e9t\u00e9 G\u00e9n\u00e9rale group who have passed <span data-descr=\\\"Know Your Customer policy\\\" class=\\\"old_tooltip\\\">KYC<\/span>\/<span data-descr=\\\"anti-money laundering\\\" class=\\\"old_tooltip\\\">AML<\/span>\u2014<span data-descr=\\\"countering the financing of terrorism\\\" class=\\\"old_tooltip\\\">CFT<\/span>.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p>\\n<cite>&#8220;Very few stablecoins are compatible with MiCA,&#8221; the executive added.<\/cite><\/p><\/blockquote>\n<p>The Forge head also assured that holders of the stablecoin will have \\&#8221;direct access to collateral\\&#8217;. The collateral euros will be held in a trust fund overseen by a third party. <\/p>\n<p>According to the publication, AXA Investment Managers has already used the new asset, investing in \\&#8221;digital green bonds\\&#8221;.<\/p>\n<p>Earlier the crypto community <a href=\"https:\/\/forklog.com\/en\/news\/crypto-community-criticises-french-banks-release-of-a-digital-euro\">criticised<\/a> the digital euro released by the French bank, available only to qualified institutional clients.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the Luxembourg-based Bitstamp exchange, the EUR CoinVertible stablecoin was listed. Its issuer is the third-largest bank in France, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale.<\/p>\n","protected":false},"author":1,"featured_media":87952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[174,1818,807],"class_list":["post-87951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitstamp","tag-societe-generale","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87951"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87951\/revisions"}],"predecessor-version":[{"id":87953,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87951\/revisions\/87953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87952"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}