The supply of $EURCV, the euro-backed stablecoin issued by Societe Generale, has surged nearly 400% year-over-year on Ethereum.
This marks a major step in Europe’s integration of traditional finance with blockchain, as one of France’s oldest banks (founded in 1864) continues expanding its on-chain presence.
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European Stablecoin Growth
The supply of $EURCV, the euro-backed stablecoin issued by Societe Generale, has surged nearly 400% year-over-year on Ethereum.
This marks a major step in Europe’s integration of traditional finance with blockchain, as one of France’s oldest banks (founded in 1864) continues expanding its on-chain presence.