SINGAPORE – Societe Generale subsidiary SG Forge has announced the launch of the euro stablecoin EUR CoinVertible (EURCV) on the Solana blockchain.

- EURCV was previously launched on the Ethereum blockchain but failed to gain widespread adoption.

- EURCV currently has only 28 holders and 154 transactions.

- Solana promises faster speeds and lower fees, which could attract new users.

SG Forge CEO Jean-Marc Stenger said Solana's speed "will open up new opportunities for retail and institutional users in the decentralized finance (DeFi) space."