Societe Generale-FORGE launched EUR CoinVertible on Stellar

Societe Generale-FORGE said its EUR CoinVertible stablecoin became operational on Stellar on March 10, 2026, extending the bank-affiliated digital asset to another public blockchain after deployments on Ethereum, Solana and the XRP Ledger.

The distinction between announcement and activation matters. SG-FORGE and the Stellar Development Foundation had disclosed the planned integration on February 20, 2025. The March 10, 2026 record said the deployment was officially live, converting that earlier intention into an operating network presence. Cointelegraph independently reported the launch on March 10.

This article is a newly researched reconstruction of the March 10 record, not a recovered copy of an article published on that date.

What SG-FORGE launched

EUR CoinVertible, commonly identified by the ticker EURCV, is a euro-denominated token issued by Societe Generale-FORGE. The issuer’s October 2025 white paper classified EURCV as an electronic-money token under the European Union’s Markets in Crypto-Assets regulation, or MiCA. SG-FORGE described the March 10 Stellar version as euro-backed and MiCA-compliant.

The launch expanded EURCV’s technical availability rather than creating a new currency or changing the euro itself. Stellar supplied the ledger and asset-transfer infrastructure; SG-FORGE remained responsible for issuance and the associated redemption framework. Adding a blockchain also did not automatically move balances from EURCV’s other deployments or make liquidity interchangeable across networks.

SG-FORGE said it selected Stellar for transaction speed, low operating costs and built-in support for issued assets. Those are issuer-stated reasons for the integration, not measurements of EURCV’s actual March 10 transaction performance. No independently measured fee, settlement-time or throughput window accompanied the launch announcement.

Why the deployment mattered

The institutional significance came from the combination of a large banking group’s digital-asset subsidiary, a euro-denominated regulated product and a public network designed around payments and tokenized assets. The deployment illustrated how established financial institutions were pursuing multichain distribution instead of requiring every application or customer to use one ledger.

Stellar’s native asset model and exchange functions could support transfers and conversions inside applications built on the network. SG-FORGE said it wanted the integration to enable crypto-to-crypto transactions and broader use in financial services. Those statements described intended uses. They did not establish that exchanges, wallets, payment companies or retail users had integrated EURCV on March 10.

The launch also separated regulatory status from network architecture. MiCA obligations attached to the issuer and token structure, while Stellar governed how the asset could be represented and transferred on that particular ledger. A compliant issuer therefore still depended on smart-contract security, wallet support, liquidity and operational controls specific to each network.

What the evidence establishes

The March 10 issuer announcement directly establishes that SG-FORGE declared the Stellar deployment live. The October 2025 white paper supplies the pre-launch regulatory and technical description of EURCV, including Stellar among the supported ledger environments. The February 2025 joint announcement with Stellar documents the longer preparation period, while contemporaneous reporting confirms that the March 10 statement was understood as the completed deployment.

The evidence does not independently establish adoption, transaction volume, circulating supply on Stellar or the depth of any EURCV trading market. No event-window price analysis is included because the central development was a deployment, and the cited records do not support attributing a market move to it.

What remained unresolved

As of March 10, the available records did not quantify how much EURCV had been issued on Stellar, identify how much liquidity was immediately accessible, or show how many users completed transfers or redemptions. A live contract can exist before meaningful commercial activity develops.

The appropriate follow-up evidence would include canonical contract verification, chain-specific issuance and holder data, reserve disclosures covering the relevant liabilities, redemption performance and documented integrations by independent applications. Until those records were available, the narrow conclusion was that SG-FORGE had completed a consequential institutional deployment—not that Stellar adoption or euro-stablecoin demand had materially increased.