BCB Partners with Societe Generale–FORGE to Distribute Euro-Pegged Stablecoin EURCV

BCB Markets, the trading division of BCB Group, has secured a deal with Societe Generale–FORGE to distribute EURCoinVertible (EURCV), a euro-backed stablecoin developed by the French bank’s digital asset arm. The MOVE signals growing institutional interest in fiat-linked digital assets beyond dollar-dominated offerings.

Launched in April 2023, EURCV stands among the first stablecoins compliant with the EU’s MiCA framework. The coin combines cash reserves with a 1:1 euro peg, targeting institutional users seeking regulatory clarity in Europe’s digital asset space.

"The stablecoin market remains dollar-centric, but the euro warrants its own regulated digital representation," said Jerome Prigent, BCB Europe’s managing director. The partnership enables BCB’s diverse clientele—from crypto-native firms to traditional institutions—to leverage EURCV for efficient cross-border settlements.

Market observers note the potential for euro-denominated stablecoins to gain traction beyond European borders, particularly in emerging markets seeking alternatives to dollar-based crypto assets.