SG Forge's launch of the euro stablecoin EUR CoinVertible on Solana aims to test the market's appetite for efficient, Euro-linked alternatives to existing stablecoins.
SG Forge struggled with EURCV on Ethereum, holding only 28 holders and 154 lifetime transactions, raising questions about its viability in the market.
CEO Jean-Marc Stenger emphasized Solana's speed, indicating that it "will unlock new possibilities for both retail users and institutional players in" the decentralized finance landscape.
The increasing importance of stablecoins in the global financial economy has driven firms to pursue the success seen by major players like Circle and Tether.
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