EURCV Rises as Second-Fastest-Growing Euro Stablecoin
Societe Generale's EURCV is gaining traction as a euro stablecoin, adding $5.6 million to its market cap and becoming the second-fastest-growing euro stablecoin in that measure.
The token, launched by SG Forge in 2023, is a 1:1 euro-backed electronic money token deployed on both Ethereum and Solana, giving it access to two of the largest smart contract ecosystems.
EURCV's market capitalization currently sits at $140 million to $180 million, making it the second-largest euro stablecoin after Circle's EURC. The total market cap for all euro-denominated stablecoins is estimated between $650 million and $780 million.
The token saw weekly inflows of $11.6 million in late August, with its circulating supply sitting between 130 million and 156 million tokens. Exchange listings have helped boost visibility, with EURCV available on Bitstamp among other platforms.