Société Générale-FORGE has listed its euro stablecoin, EURCV, on Kraken, making it the first euro stablecoin issued by a major European bank’s subsidiary to become available on the platform. Kraken’s millions of customers will be able to buy, sell, and transfer EURCV, then use the token as collateral in derivatives, including leveraged positions. Launched in 2023, EURCV currently has a market capitalization of about $194 million. Société Générale will provide liquidity for the token on Kraken by acting as a market maker, a role that remains uncommon for a major bank in crypto markets. EURCV and USDCV comply with the EU’s MiCA regulation, while SG-FORGE holds electronic money institution approval from France’s ACPR.
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